question archive Suppose there 5 firms in an industry
Suppose there 5 firms in an industry
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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
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