-A Market Has 4 Firms in It

-A market has 4 firms in it.The market shares are in the table above.The table represents a(n) ________ market because its ________.

A) competitive; Herfindahl-Hirschman Index (HHI) equals 1425
B) competitive; four-firm concentration ratio equals 65 percent
C) uncompetitive; Herfindahl-Hirschman Index (HHI) equals 65 percent
D) perfectly competitive; Herfindahl-Hirschman Index (HHI) is less than 1500
E) uncompetitive; four-firm concentration ratio exceeds 60 percent

Correct Answer:

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