Question
An industry consists of five firms with sales as follows: $2.71 million, $2.58 million, $1.83 million, $1.74 million, and $1.51 million. What is the HHI,
An industry consists of five firms with sales as follows: $2.71 million, $2.58 million, $1.83 million, $1.74 million, and $1.51 million. What is the HHI, and how would be the industry be described based on the DOJ criteria?
2,356 moderately concentrated
2,431 highly concentrated
None of the answers listed is correct.
2,256 moderately concentrated
2,107 moderately concentrated
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
