Suppose the clothing industry has a total of 8 firms. The largest 3 firms each have a market share of 25%, the remaining 5 firms each have a market share of 5%. Calculate the HHI.

a) 2000

b) 1550

c) 1875

d) 2500

Name: Suppose the clothing industry has a total of 8 firms. The largest 3 firms each have a market share o
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