The Herfindahl-Hirschman index is measured by
A) adding the market shares of all firms in an industry.
B) adding the squares of the market shares of all firms in an industry.
C) squaring the sum of the market shares of the all firms in an industry.
D) adding the market shares of the four largest firms in an industry.
B
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The _________________________ hold claims to the interest on borrowed funds that are secured by individuals, businesses and property.
Fill in the blank(s) with the appropriate word(s).
Demand is inelastic if
a. the percentage change in price is greater than the percentage change in quantity demanded b. the percentage change in price is less than the percentage change in quantity demanded c. the percentage change in price is equal to the percentage change in quantity demanded d. the value of price elasticity is equal to -1 e. the value of price elasticity is less than -1 (e.g., -3)