The Industry elasticity of demand for good X is -1.5, while the elasticity of demand for an individual manufacturer of good X is -4 Based on this information, the Rothschild index of market power is: Multiple Choice 1/6, indicating there is little monopoly power in this industry, 16. indicating there is significant monopoly power in this industry None of the answers are correct 1/6. indicating there is little monopoly power in this industry. 1/6, indicating there is significant monopoly power in this industry. None of the answers are correct. 6, indicating there is little monopoly power in this industry