Multiple Choice
If there are four firms in an industry with market shares of 50 per cent, 40 per cent, 5 per cent, and 5 per cent, the Herfindahl-Hirschman Index is
A) 25.
B) 100.
C) 3,450.
D) 4,150.
E) undefined because there are not 50 firms in the industry.
Correct Answer:
Verified
Correct Answer:
Verified
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