Advanced Placement (AP), 04.02.2021 14:00 RivvytheFanboy6510
Of the 5 industries below, which one is the most competitive? Each industry's Herfindahl Index is in parenthesis. *
Industry #1 (1000)
Industry #2 (2000)
Industry #3 (3000)
Industry #4 (4000)
Industry #5 (10000
2.Assume industry X has 6 firms that hold the following market shares: 20%, 20%, 20%, 20%, 10%, and 10%. What is industry X's Herfindahl Index? *
100
900
1600
1800
8100
Answers: 1
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