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According to the text, the HHI for the ready-mix concrete industry is 313. However, ready-mix concrete is expensive to transport far because it's so heavy,
According to the text, the HHI for the ready-mix concrete industry is 313. However, ready-mix concrete is expensive to transport far because it's so heavy, so firms rarely compete with other firms outside their local geographic region. Consequently, the HHI of 313 probably makes
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
