The Herfindahl-Hirschman Index is a measure of market power that focuses on: (A) the ratio of the price of a firm's product to the price elasticity of demand for the product. (B) the share of the market controlled by the X largest firms in the market. (C) the sum of the squares of the market share of each firm in an industry. (D) the difference between a firm's product price and its marginal costs of production.

1 answer
Question:

The Herfindahl-Hirschman Index is a measure of market power that focuses on:
(A) the ratio of the price of a firm's product to the price elasticity of demand for the product.
(B) the share of the market controlled by the X largest firms in the market.
(C) the sum of the squares of the market share of each firm in an industry.
(D) the difference between a firm's product price and its marginal costs of production.

Answers

Answer:CExplanation:Measures concentration by adding market shares squared

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