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Which of the following is true of an industrys Herfindahl-Hirschmann Index (HHI)? A low score indicates a monopolistic market It is used to determine the

Which of the following is true of an industrys Herfindahl-Hirschmann Index (HHI)?

A low score indicates a monopolistic market

It is used to determine the amount of collusion in an industry

It measures the amount of government involvement in an industry

A high score indicates an oligopolistic market structure

Higher scores indicate increasing power of labor over wages

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