Industry X has four firms. The largest firm in Industry X has more than 90 percent of
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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.
Related Book For
Business Law and the Legal Environment
ISBN: 978-1285860381
7th edition
Authors: Susan S. Samuelson, Jeffrey F. Beatty
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