There are 10 firms in an industry, and each firm has a market share of 10 percent.
Question:
There are 10 firms in an industry, and each firm has a market share of 10 percent. The industry’s Herfindahl index is:
a. 10.
b. 100.
c. 1,000.
d. 10,000.
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Answer c 1000 This industrys Herfindahl index is 1000 To unde...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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