Multiple Choice
Suppose that there are two industries,A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.5 million for each firm. The HHI for industry B is:
A) 2,500.
B) 1,800.
C) 3,200.
D) 2,800.
Correct Answer:
Verified
Correct Answer:
Verified
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