Multiple Choice
If there are eight firms in a market and each has an equal market share, the Herfindahl- Hirschman Index (HHI) is and the market is_____considered to be ______ .
A) 1,250; competitive
B) 1,250; moderately competitive
C) 2,800; competitive
D) 2,800; moderately competitive
Correct Answer:
Verified
Correct Answer:
Verified
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