For the restaurant industry in Seattle, with dozens or hundreds of extremely small competitors, the value of the HHI

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The Herfindahl-Hirschman Index (HHI) is a measure of market concentration and can range from close to 0 to 10,000. In a market with hundreds of small competitors, like the restaurant industry in Seattle, the HHI can be very low, indicating a highly competitive market. It can drop as low as 100 or even less, reflecting the vast number of competitors each with a very small market share.

For the Restaurant Industry in Seattle, with Dozens or Hundreds