Multiple Choice
Suppose a monopolistically competitive market has 10 firms.The largest firm has a 90 percent share of the market and the other nine firms each have 1 percent of the market.The Herfindahl-Hirschman Index for this industry is ________.
A) 99
B) 909
C) 8,100
D) 8,109
Correct Answer:
Verified
Correct Answer:
Verified
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