22. Compared to a monopolistically competitive industry, an oligopoly has a. a higher HerfindahlHirschman Index, fewer firms,

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22. Compared to a monopolistically competitive industry, an oligopoly has

a. a higher Herfindahl–Hirschman Index, fewer firms, and more barriers to entry.

b. a higher Herfindahl–Hirschman Index, more firms, and more barriers to entry.

c. a higher Herfindahl–Hirschman Index, fewer firms, and fewer barriers to entry.

d. a lower Herfindahl–Hirschman Index, fewer firms, and more barriers to entry.

e. a lower Herfindahl–Hirschman Index, more firms, and more barriers to entry.

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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