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3. (18 points) Suppose there are 6 firms in an industry. The following table gives the total sales of each firm: Firm # Total Sales

3. (18 points) Suppose there are 6 firms in an industry. The following table gives the total sales of each firm:

Firm #

Total Sales

1

150

2

100

3

80

4

70

5

60

6

40

Calculate the HHI for this industry:

HHI =

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