There are six firms in Industry A.The market shares of the four largest firms are 50 percent,20 percent,10 percent,and 7 percent.The Herfindahl-Hirschman Index (HHI) is _____
A) 87.
B) 4,149.
C) 10,000.
D) 3,081.
E) impossible to calculate because the data for the fifth and sixth firms are not given.
Correct Answer:
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