There are 10 firms in an industry, and each firm has a market share of 10 percent.

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There are 10 firms in an industry, and each firm has a market share of 10 percent. The industry’s Herfindahl index is:

a. 10.

b. 100.

c. 1,000.

d. 10,000.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 06:19 AM

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There are 10 firms in an industry, and each firm has a market share of 10 percent.

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Answer c 1000 This industrys Herfindahl index is 1000 To unde...View the full answer

Microeconomics Principles, Problems and Policies

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