Suppose there are 51 firms in a market.The largest firm has sales of $50 million and each of the other firms has sales of $1 million.The Herfindahl-Hirshman Index of this industry is
A) 2,500.
B) 2,501.
C) 2,550.
D) 50.

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The Answer of Suppose there are 51 firms in a market.The largest firm has sales of $50 million and each of the other firms has sales of $1 million.The Herfindahl-Hirshman Index of this industry is
A) 2,500.
B) 2,501.
C) 2,550.
D) 50.

Suppose There Are 51 Firms in a Market