If the HHI for the widget industry is 1,200,then the market structure is

Name: If the HHI for the widget industry is 1,200,then the market structure is
Brand: Quizplus
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Quizplus · Accepted Answer

The Herfindahl-Hirschman Index (HHI) is a measure of market concentration. A score of 1,200 suggests a moderately concentrated market, which aligns more closely with monopolistic competition, where there are many firms, but each may have some market power due to product differentiation.

If the HHI for the Widget Industry Is 1,200,then the Market