What Is the Herfindahl-Hirschman Index If the Four Firms in an Industry

question 38

Multiple Choice

What is the Herfindahl-Hirschman Index if the four firms in an industry account have market shares of 62 percent,15 percent,15 percent,and 8 percent?

• A) 100
• B) 4,358
• C) 111,600
• D) 2,822
• E) 6,200

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Definitions:

Crumbling World

A metaphor describing a state of decline or disrepair, often used to highlight issues in society, the environment, or global stability.

Indifference

A state of neutrality or lack of interest and concern towards a certain matter.

Philosophy

The study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline.

Epictetus

A Greek Stoic philosopher who emphasized the importance of personal freedom and responsibility in achieving happiness.