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Describe the merits of the Herfindahl Hirschman Index (HHI) measure. Develop an example to show what the HHI, by itself, may not show us.

  1. Describe the merits of the Herfindahl Hirschman Index (HHI) measure.
  2. Develop an example to show what the HHI, by itself, may not show us.

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