A market is composed of 2 firms, and the bigger firm takes up 60 percent of the market. What is the Herfindahl index for the industry?
A) 3,000
B) 3,550
C) 5,200
D) 6,250

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The Answer of A market is composed of 2 firms, and the bigger firm takes up 60 percent of the market. What is the Herfindahl index for the industry?
A) 3,000
B) 3,550
C) 5,200
D) 6,250

A Market Is Composed of 2 Firms, and the Bigger