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An industry consists of three firms with sales of $350,000, $600,000, and $750,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Enter your response rounded to

An industry consists of three firms with sales of $350,000, $600,000, and $750,000.

a. Calculate the Herfindahl-Hirschman index (HHI).

Instruction:Enter your response rounded to the nearest integer.

________?

b. Calculate the four-firm concentration ratio (C4).

_______?

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