question archive Industries X and Y both have four-firm concentration ratios of 65%, but the Herfindahl index for X is 1,500 while that for Y is 2,000
Industries X and Y both have four-firm concentration ratios of 65%, but the Herfindahl index for X is 1,500 while that for Y is 2,000
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Industries X and Y both have four-firm concentration ratios of 65%, but the Herfindahl index for X is 1,500 while that for Y is 2,000. These data suggest:
a. greater market power in X than in Y.
b. greater market power in Y than in X.
c. that X is more technologically progressive than Y.
d. that price competition is stronger in Y than in X.
Option 1
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