Author Question: Suppose there are four firms in an industry. The market shares of the four firms are 5 percent, 20 ... (Read 127 times)

bb · **on:** Jun 29, 2018

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.