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If There Are Four Firms in a Market and One

Question 53

Multiple Choice

If there are four firms in a market and one has a 40 percent market share, one has a 25 percent market share, one has a 20 percent market share, and one has a 15 percent market share, the Herfindahl- Hirschman Index (HHI) in this market is_____ .


A) 2,850
B) 1,270
C) 5,250
D) 8,250

Correct Answer:

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