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on Nov 30, 2024
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Which statement is true?
A) Industry X has a higher Herfindahl-Hirschman Index than Industry Y.
B) Industry Y has a higher Herfindahl-Hirschman Index than Industry Z.
C) Industry Z has a higher Herfindahl-Hirschman Index than Industry X.
D) Industries X,Y,and Z have the same Herfindahl-Hirschman Index.
Herfindahl-Hirschman Index
An indicator used to assess the degree of market concentration and establish the intensity of industry competition.
- Assess the influence of market share and concentration ratios on competitive dynamics.
- Gain an understanding of the purpose and method of calculating the Herfindahl-Hirschman Index for the analysis of market concentration.
Verified Answer
KG
Learning Objectives
- Assess the influence of market share and concentration ratios on competitive dynamics.
- Gain an understanding of the purpose and method of calculating the Herfindahl-Hirschman Index for the analysis of market concentration.
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