There are 10 firms in an industry, and each firm has a market share of 10 percent.
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
Answer c 1000 This industrys Herfindahl index is 1000 To unde...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
Rivalry among firms in an industry is typically stronger when which of the following is true about the underlying industry economics? (Note: It is possible that more than one - or none - of the...
-
SupplyCo is a supplier to a number of firms in an industry. Several companies are involved in the manufacturing processfrom processed parts to creation of the final productwith each firm adding some...
-
Often, many firms in an industry are located in the same geographic area. Examples include Hollywood (movies), Silicon Valley (information technology), Wall Street (finance), and Dalton, Georgia...
-
Panamint Candy Company prepared the following amortization table for $300,000 of 5-year, 9% bonds issued and sold by Panamint on January 1, 2021, for $285,000: Required: 1. Prepare the entry to...
-
Describe the characteristics an asset must possess in order to serve as a medium of exchange. Which of these is most important for the operation of the economy?
-
You want to explore the database seeking to discover any relationship between gender and outlook on life. (a) What percentage of males think that life is Exciting? (b) What percentage of females...
-
The second virial coefficient \(B\) in the virial equation of state \(\frac{P V}{R T}=1+\frac{B}{V}+\frac{C}{V^{2}}+\frac{D}{V^{3}}\) \(+\ldots\) is a (a) Function of volume only (b) Function of...
-
Refer to Problem 4.2. Develop a forecast for years 2 through 12 using exponential smoothing with α = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual...
-
Type the program's output ItemManager.java Item.java public class Item { private T value; private Integer count; public Item (T il) { } value = il; count = 0; public void updateCount (T testVal) { if...
-
A motor car shaft consists of a steel tube 30 mm internal diameter and 4 mm thick. The engine develops 10 kW at 2000 r.p.m. Find the maximum shear stress in the tube when the power is transmitted...
-
Three of the compounds from Problem 13.14 can be prepared from the reaction between a hydride reducing agent (NaBH 4 or LAH) and a ketone or aldehyde. Identify those three compounds, and explain why...
-
In the small town of Geneva, there are 5 firms that make watches. The firms respective output levels are 30 watches per year, 20 watches per year, 20 watches per year, 20 watches per year, and 10...
-
If the population standard deviation is = 24, how large a sample is necessary to have a standard error that is a. Equal to 6 points? b. Equal to 3 points? c. Equal to 2 points?
-
What do you think is meant by the statement IAS could mean a big change for hundreds of private UK firms, which will have to alter the way they account for areas of their business?
-
Meghan is a community development worker who is working to improve experiences for people with mental health issues in the local community. Recently, several people with a mental illness in the...
-
You have estimated the NOPLAT for each of the divisions in a three-division firm at $20 million, $30 million, and $50 million, respectively, for Divisions A, B, and C. Using these figures, you assume...
-
Describe the process of synthetic division. When is synthetic division not useful for dividing polynomials? What happens when we divide a polynomial by x? Can we use synthetic division to do this?...
-
A company expects that on April 1, (which is 3 months from today) it will borrow $8 million for 91 days (that is, this loan will be repaid on July 1, 2013). If the 3 month and 6 month LIBOR are 1.5%...
-
Perform the indicated operations. (p 3 - 4p 2 + p) - (3p 2 + 2p + 7)
-
Saccharin is an artificial sweetener that is used in diet beverages. In order for it to be metabolized by the body, it must pass into cells. Below are shown the two forms of saccharin. Saccharin has...
-
What are the four categories used by the World Bank to classify nations on the basis of national income per capita? Identify two nations for each of the four categories.
-
What are the four categories used by the World Bank to classify nations on the basis of national income per capita? Identify two nations for each of the four categories.
-
As it relates to the vicious circle of poverty, what is meant by the saying Some DVCs stay poor because they are poor? Change the box labels as necessary in Figure 25W.3 to explain rapid economic...
-
The following data refers to Huron Corporation for the year 20x2. Sales revenue $ 2,106,000 Raw-material inventory, 12/31/x1 89,000 Purchases of raw material in 20x2 731,000 Raw-material inventory,...
-
As Venue Manager, you have decided you will meet with a new employee who joined the organization just yesterday and share with them the compliance information that applies to two of the areas in...
-
Tourism is seen by many as the absolute advantage for several countries in the Caribbean. Simpson (2022) states that the Caribbean is the most tourism-dependent region in the world. How can your...
Study smarter with the SolutionInn App