-Consider an Oligopoly That Has Two Firms, One with a 75

question 28

Multiple Choice

-Consider an oligopoly that has two firms, one with a 75 percent market share and the other with a 25 percent market share. The Herfindahl index for this market is:

• A)5,625.
• B)6,250.
• C)625.
• D)5,000.
• E)8,500.