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:

Nutrient Runoff

The movement of nutrients, typically from fertilizers or natural deposits, from land into water bodies, causing pollution and ecosystem imbalances.

Dredging Lake

The process of removing sediments and debris from the bottom of lakes or water bodies to improve their health or navigability.

Cultural Eutrophication

Accelerated nutrient enrichment of water bodies caused by human activities, leading to excessive algal blooms and aquatic ecosystem degradation.

Lakes

Large bodies of water surrounded by land, not directly connected to the sea, varying in size, depth, and ecosystem.