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The Herfindahl-Hirschman Index, H, gives economists a way of measuring how much competition there is in a market. Suppose THE HOSPITAL INDUSTRY 121 that there
The Herfindahl-Hirschman Index, H, gives economists a way of measuring how much competition there is in a market. Suppose THE HOSPITAL INDUSTRY 121 that there are N hospitals in a market, each with si percent of the market share, where N i=1 si = 1. Recall that the index is defined as follows: H = N i=1
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