The concentration and HHI reported in the U.S.Bureau of Census must be interpreted with caution since:

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All of the statements associated with this question are correct. The reported concentration and HHI in the U.S. Bureau of Census are calculated by excluding foreign imports, which bias the degree of concentration upward. Additionally, they are based on figures for the entire national market, and the definition of product classes used to define an industry affects the results. Hence, it is essential to interpret the reported concentration and HHI in the U.S. Bureau of Census with caution.

The Concentration and HHI Reported in the U