In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market share was 12.1 percent, GM's was 29.1 percent, Honda's was 10 percent, Nissan's share was 6.2 percent, and Chrysler's market share was 11.1 percent. What is the Herfindahl-Hirschman Index for the firms mentioned?
A) 167
B) 1670
C) 1641
D) 1479
Correct Answer:
Verified
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