Author Question: If there were four firms in an industry each with a 25 market share, what would the ... (Read 49 times)

NguyenJ · **on:** Jun 30, 2018

If there were four firms in an industry each with a 25 market share, what would the Herfindahl-Hirschman Index equal?
a. 2500
b. 1250
c. 1,000
d. 625

Question 2

The study conducted by Eric Bond of Vanderbilt University on the repair histories of a large sample of pickup trucks over three years old ascertained that:
a. the repair costs of trucks held by original users was similar to those held by second hand users.
b. the repair cost of trucks held by second hand users was higher compared to those held by original users.
c. the repair cost of trucks held by original users was higher compared to those held by second hand users.
d. the repair costs of trucks held by original users as well as those held by second hand users increased by the same magnitude every year.