Question
Imagine that the balloon industry has three firms. The market shares of each firm are: Beautiful Balloons, 70%; Balloon Warehouse, 20%; and Balloon Stop, 10%.
Imagine that the balloon industry has three firms. The market shares of each firm are: Beautiful Balloons, 70%; Balloon Warehouse, 20%; and Balloon Stop, 10%. What is the Herfindahl-Hirschman Index for this industry?
Group of answer choices
100
1000
5400
108,000
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
