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Suppose there are five firms in an industry. Their sales (that is, total revenue) are as follows: * Firm 1: $100 million * Firm 2:
Suppose there are five firms in an industry. Their sales (that is, total revenue) are as follows: * Firm 1: $100 million * Firm 2: $46 million * Firm 3: $30 million * Firm 4: $16 million * Firm 5: $8 million The Herfindahl-Hirschman Index (HHI) for this industry is I:I (Enter your response as an integer.)
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