Question
Industry X has four firms. The largest firm in Industry X has more than 90 percent of the market share. Industry Y also has four
Industry X has four firms. The largest firm in Industry X has more than 90 percent of the market share. Industry Y also has four firms, but each of those four firms in Industry Y has 25 percent of the market share. The Herfindahl-Hirschman index will be
A.the same for both industries, but the four-firm concentration will be larger for Industry X than Industry Y.
b.larger for Industry Y than Industry X, but the four-firm concentration will be the same.
c.larger for Industry X than Industry Y, but the four-firm concentration will be the same.
d.the same for both industries, but the four-firm concentration will be larger for Industry Y than Industry X.
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Business Law and the Legal Environment
Authors: Susan S. Samuelson, Jeffrey F. Beatty
7th edition
1285860381, 978-1305445864, 1305445864, 978-0357689646, 978-1285860381
