Suppose there are three firms in a market.The largest firm has sales of $50 million,and each of the other two firms has sales of $25 million.The Herfindahl-Hirschman Index of this industry is
A)2,500.
B)3,750.
C)2,550.
D)3,125.

Question

Quizplus · Accepted Answer

The Answer of Suppose there are three firms in a market.The largest firm has sales of $50 million,and each of the other two firms has sales of $25 million.The Herfindahl-Hirschman Index of this industry is
A)2,500.
B)3,750.
C)2,550.
D)3,125.

Suppose There Are Three Firms in a Market