Suppose there are four banks in a local community. Each of these banks has 25 percent of the deposits in this community. What is the Herfindahl-Hirschman Index (HHI) for this community?
A. 10,000
B. 100
C. 2,500
D. 625
E. None of the options is correct
C. 2,500
You might also like to view...
Which of the following is true with regard to price?
A) Historically, price has had the least perceptible impact on buyer choice. B) Price is the least flexible element in the marketing mix. C) Unlike product features and channel commitments, prices cannot be changed quickly. D) Price is the sum of all the values that customers give up to gain the benefits of having a product. E) Prices only have an indirect impact on a firm's bottom line.
Allie assigned Monte three duties to perform before the close of business today. Allie asks Monte to paraphrase her requests to ensure he fully comprehends the assignment. Allie is ______.
A. developing rapport B. checking for understanding C. stating an objective D. getting commitment
Graham's will leaves $100,000 to his two children, Harry and Ida. When Graham dies, he only has $80,000 to honor his bequests. Harry and Ida each receive $40,000. This is A) a legacy
B) an abatement. C) intestacy. D) a devise.
If company earnings reflect a rate of return less than the cost of debt, then more debt ________
A) will increase the percentage of earnings available for distribution to the equity owners B) will lower the percentage of earnings available for distribution to the debt owners C) will increase the percentage of dividends available for distribution to the equity owners D) will lower the percentage of earnings available for distribution to the equity owners