If there are six firms in an industry and the market shares of the firms are 32 percent, 25 percent, 19 percent, 9 percent, 8 percent and 7 percent, the Herfindahl index is
A) 2,204.
B) 2,091.
C) 8,600.
D) 10,000.
E) 85.
Correct Answer:
Verified
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