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Industries X and Y both have four-firm concentration ratios of 53 percent, but the Herfindahl index for X is 1,965, while that for Y is
Industries X and Y both have four-firm concentration ratios of 53 percent, but the Herfindahl index for X is 1,965, while that for Y is 2,019. These data suggest
- greater market power in X than in Y.
- greater market power in Y than in X.
- that X is more technologically progressive than Y.
- that price competition is stronger in Y than in X.
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Reimagining Capitalism In A World On Fire
Authors: Rebecca Henderson
1st Edition
1541730151, 9781541730151
