Assume six firms composing an industry have market shares of 30, 30, 10, 10, 10, and 10 percent. The Herfindahl index for this industry is

A) 2,000.
B) 2,200.
C) 1,600.
D) 80.

Herfindahl Index

A benchmark for evaluating the magnitude of firms against the backdrop of the industry, indicating competitive pressures.

Market Shares

The segment of a market dominated by a specific company or product, typically represented by a percentage of the overall sales within that market.

Composing

The act of creating or forming something, often referred to in the context of writing or music.