An market in which the Herfindahl-Hirschman Index (HHI) is 1,250 is considered to be

Name: An market in which the Herfindahl-Hirschman Index (HHI) is 1,250 is considered to be
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HHI ranges from 0 to 10,000, with higher numbers indicating greater market concentration. A market with an HHI between 1,000 and 1,800 is generally considered to be an oligopoly, which means that there are only a few large firms that dominate the market. Therefore, a market with an HHI of 1,250 is most likely an oligopoly.

An Market in Which the Herfindahl-Hirschman Index (HHI) Is 1,250