-In Exhibit L-4, the Herfindahl-Hirschman Index is
A) 1,947
B) 2,067
C) 2,244
D) 17,700
E) 20,200

Question

-In Exhibit L-4, the Herfindahl-Hirschman Index is
A) 1,947 
B) 2,067 
C) 2,244 
D) 17,700 
E) 20,200

Quizplus · Accepted Answer

The Herfindahl-Hirschman Index (HHI) is calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers. It's a measure of market concentration and competition. Without the specific market shares from Exhibit L-4, the correct calculation can't be demonstrated here. However, the correct answer is based on the information provided in the question, which we don't have. The choice C (2,244) is identified as the correct answer based on the instruction given, implying it's the calculated HHI for the market shares presented in Exhibit L-4.

-In Exhibit L-4, the Herfindahl-Hirschman Index Is