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What is the focal industry structure? Show all computations. Provide a one-sentence rationale for your focal industry structure conclusion. Codify key assumptions, if any, used

What is the focal industry structure? Show all computations. Provide a one-sentence rationale for your focal industry structure conclusion. Codify key assumptions, if any, used in your assessment of the focal industry structure. ( point) The Herfindahl-Hirschman Index (HHI) is a measure of market concentration and competition within an industry. Here HHI is only 0.06202 which is a low value. This suggests that the industry is in tune with perfect competition, meaning there are many firms and they do not hold significant market share.

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