1.1. The accompanying table presents market share data for the U.S. breakfast cereal market in 2006. a....
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1.1. The accompanying table presents market share data for the U.S. breakfast cereal market in 2006.
a. Use the data provided to calculate the Herfindahl–Hirschman Index (HHI) for the market.
b. Based on this HHI, what type of market structure is the U.S. breakfast cereal market?
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