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There Are Five Firms in the Cresset Industry

Question 178

Multiple Choice

There are five firms in the cresset industry.The market shares of the five firms are 60 percent, 15 percent, 15 percent, 6 percent, and 4 percent.The Herfindahl index is


A) 96
B) 4, 086
C) 10, 000
D) 4, 102
E) 4, 100

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