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Basic Question 2 of 4

Consider three firms in industry X.

The market structure is equivalent to having ______ firms of the same size.

A. 0.4
B. 2.27
C. 3
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User Contributed Comments 1

User Comment
AyshaAli Take the reciprocal of the H consitration to find the average concentration of each firm.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

identify the type of market structure within which a firm operates and describe the use and limitations of concentration measures

CFA® 2025 Level I Curriculum, Volume 1, Module 1.