question archive Suppose there 5 firms in an industry
Suppose there 5 firms in an industry
Subject:MarketingPrice:2.88 Bought3
Suppose there 5 firms in an industry. Each firm accounts for 20% of total industry sales. What is the Herfindahl-Hirschman Index (HHI) for this industry?
a) 20
b) 200
c) 1000
d) 2000
e) None of the above
