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    Managerial Economics and Business Strategy Study Set 1
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    Exam 7: The Nature of Industry
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    An Industry Consists of Three Firms with Equal Annual Sales
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An Industry Consists of Three Firms with Equal Annual Sales

Question 16

Question 16

Multiple Choice

An industry consists of three firms with equal annual sales.What is the industry's HHI?


A) 2,000
B) 3,300
C) 10,000
D) There is not sufficient information to compute the industry HHI.

Correct Answer:

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