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Five firms make up the entire catfish farming industry. Each firm represents the following percentage of market share: firm 1, 55%; firm 2, 25%; firm
Five firms make up the entire catfish farming industry. Each firm represents the following percentage of market share: firm 1, 55%; firm 2, 25%; firm 3, 10%; firm 4, 8%; and firm 5, 2%. What is the Herfindahl-Hirschman index (HHI) for the catfish farming industry
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
