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-There Are 9 Firms in an Industry with Market Shares

Question 365

Essay

  -There are 9 firms in an industry with market shares in the table above. Calculate the HHI for the industry. What kind of market does this operate in and why?
-There are 9 firms in an industry with market shares in the table above. Calculate the HHI for the industry. What kind of market does this operate in and why?

Correct Answer:

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The HHI equals 202 + 202 + 152 + ...

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