An industry with a Herfindahl-Hirschman index of 1,000 would have ____ firm(s).

Name: An industry with a Herfindahl-Hirschman index of 1,000 would have ____ firm(s).
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The Herfindahl-Hirschman Index (HHI) is calculated by summing the squares of the market shares of all firms in the industry. An HHI of 1,000 suggests that the market is moderately concentrated, which could be consistent with 10 firms each having a 10% market share (10^2 * 10 = 1,000).

An Industry with a Herfindahl-Hirschman Index of 1,000 Would Have