The Herfindahl-Hirschman Index Is Measured by

question 102

Multiple Choice

The Herfindahl-Hirschman index is measured by

• A) adding the market shares of all firms in an industry.
• B) adding the squares of the market shares of all firms in an industry.
• C) squaring the sum of the market shares of the all firms in an industry.
• D) adding the market shares of the four largest firms in an industry.

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Definitions:

McCulloch v. Maryland

A landmark Supreme Court case in 1819 that established the principles of federal supremacy and implied powers of the federal government.

Supremacy Clause

A provision in the U.S. Constitution stating that federal law takes precedence over state law.

Commerce Clause

A provision in the U.S. Constitution that grants Congress the power to regulate trade between states, with foreign nations, and with Native American tribes.

Concurrent Power

Powers in nations with a federal system of government that are shared by both the federal government and each constituent political unit.