If an industry has a Herfindahl index of 3,000, the contestable market model probably would predict that the industry would be more likely to have a:
A) monopolistic price.
B) competitive price.
C) monopolistic price if there are no barriers to entry.
D) competitive price if there are no barriers to entry.

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The Answer of If an industry has a Herfindahl index of 3,000, the contestable market model probably would predict that the industry would be more likely to have a:
A) monopolistic price.
B) competitive price.
C) monopolistic price if there are no barriers to entry.
D) competitive price if there are no barriers to entry.

If an Industry Has a Herfindahl Index of 3,000, the Contestable