Author Question: A narrowly diversified firm has wide economies of scope. Indicate whether the statement is true or ... (Read 85 times)

appyboo · **on:** Jun 30, 2018

A narrowly diversified firm has wide economies of scope.
Indicate whether the statement is true or false

Question 2

If the firms in an industry represented 35, 25, 20, 15, and 5 of the market's total revenues, respectively, what would be the measure of the Herfindahl-Hirschman Index for this industry?
a. 2,500
b. 3,525
c. 7,725
d. 10,000