Suppose there are four firms in an industry. The market shares of ...

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Suppose there are four firms in an industry. The market shares of the four firms are 5 percent, 20 percent, 35 percent, and 40 percent. The Herfindahl-Hirschman index for that industry is
 
  A) 6,650.
  B) 3,250.
  C) 1,250.
  D) 100.

Question 2

The largest component of U.S. federal spending that contributes to the U.S. government budget deficit is
 
  A) entitlements.
  B) military spending.
  C) interest expenses.
  D) salaries of government employees.

[yuyiding]

Answer to Question 1

B

Answer to Question 2

A

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TYSM

[Liddy]

Excellent