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 index 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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