Suppose the Herfindahl indexes for industries A, B, and C are 672, 450, and 875 respectively. These data imply that

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The Herfindahl index is a measure of the size of firms in relation to the industry and an indicator of the amount of competition among them. A higher Herfindahl index indicates a higher level of market concentration and potentially greater market power. With industry C having the highest index (875), it implies that market power is greatest in industry C.

Suppose the Herfindahl Indexes for Industries A, B, and C