In the Following Figure, the First Panel Shows a Market

True/False

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S₁: Supply curve of automobiles prior to regulation
S₂: Supply curve of automobiles after regulation
FG: Clean up cost per unit
-If there are 50 firms in the industry, and each have an equal market share, the Herfindahl index will be equal to 1,00,000.