Question

multiple choice question
in general, industries that typically have lower herfindahl index values are

monopolistic rather than oligopolistic
monopolistically competitive rather than oligopolistic
oligopolistic rather than purely competitive
oligopolistic rather than monopolistically competitive

Explanation:

The Herfindahl - Hirschman Index (HHI) measures market concentration. Lower HHI values indicate more competitive markets. Monopolistically competitive markets have many firms and are more competitive than oligopolistic markets which have few large firms. So industries that are monopolistically competitive rather than oligopolistic typically have lower HHI values.

Answer:

B. monopolistically competitive rather than oligopolistic