Multiple Choice
Suppose the Herfindahl indexes for industries A, B, and C are 7,200, 5,000, and 1,500, respectively. These data imply
A) that market power is greatest in industry C.
B) that market power is greatest in industry B.
C) that market power is greatest in industry A.
D) nothing about the degree of concentration across the three industries.
Correct Answer:
Verified
Correct Answer:
Verified
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