Multiple Choice
If an industry is dominated by three large producers whose revenues represent 30%,30%,and 30% of the market's total revenues with the remaining two firms each representing 5%,what would be the measure of the Herfindahl-Hirschman Index for this industry?
A) 2,725
B) 2,750
C) 9,975
D) 10,000
Correct Answer:
Verified
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