Use the information in the table below.Percentage of salesIndustry 1Industry 2Industry 3Industry 4Firm 155%45%25%10%Firm 210%35%40%60%Firm 325%20%35%10%Firm 410%  20%According to the Herfindahl index,

A. Industry 3 is more concentrated than Industry 4.
B. Industry 1 is more concentrated than Industry 2.
C. Industry 3 is more concentrated than Industry 2.
D. Industry 1 is more concentrated than Industry 4.


Answer: B

Economics

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Economics

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Economics