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Industry A is composed of three firms. One has an 80% market share, and the other two have a 10% share each. The Herfindahl index
Industry A is composed of three firms. One has an 80% market share, and the other two have a 10% share each. The Herfindahl index for this industry is:
A. | 1,000. | |
B. | 6,600. | |
C. | 8,000. | |
D. | 10,000. |
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