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Consider an Industry with 5 Firms

Question 188

Multiple Choice

Consider an industry with 5 firms.Firm A has sales of $6 mil. ,firm B has sales of $12 mil. ,firm C has sales of $30 mil. ,firm D has sales of $50 mil.and firm E has sales of $2 mil.The Herfindahl-Hirschman index for this industry is


A) 3580
B) 3584
C) 2500
D) 3400
E) unknown,not enough information to tell

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