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Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20% market
Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. The Herfindahl index of this industry is 4,000. 2,000. 4,400. 6,000. or 10,000
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