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Suppose that three firms make up the entire bicycle manufacturing industry. One has a 40% market share, and the other two have a 30% market

Suppose that three firms make up the entire bicycle manufacturing industry. One has a 40% market share, and the other two have a 30% market share each. The Herfindahl index of this industry is 3,400. 3,000. 4,000 .6,000 or 10,000

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