Business, 18.12.2019 21:31 genyjoannerubiera

Industries x and y both have four-firm concentration ratios of 70 percent, but the herfindahl index for x is 2,500, while that for y is 2,000. these data suggest

multiple choice
1. greater market power in y than in x.
2. greater market power in x than in y.
3. that x is more technologically progressive than y.
4. that price competition is stronger in x than in y.

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Industries x and y both have four-firm concentration ratios of 70 percent, but the herfindahl index...

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