Multiple Choice
-The cookie industry in Eatsweetland consists of 15 firms. The industry sales are $80 million per month. The sales of the largest 5 firms are shown in the table below. The rest 10 firms have sales of $3 million each. What is the Herfindahl-Hirschman index in the market for cookies in Eatsweetland?
A) 1013
B) 2278
C) 872
D) 2632
Correct Answer:
Verified
Correct Answer:
Verified
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