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PART II Question. (20 points) Is the following (italicized) statement true or false? Explain The four-firm concentration ratio must be greater than the Herfindahl-Hirschman Index

PART II

Question. (20 points) Is the following (italicized) statement true or false? Explain

The four-firm concentration ratio must be greater than the Herfindahl-Hirschman Index (HHI) for the same market.

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