Suppose There Are Three Firms in a Market

question 18

Multiple Choice

Suppose there are three firms in a market.The largest firm has sales of $50 million,and each of the other two firms has sales of $25 million.The Herfindahl-Hirschman Index of this industry is

• A)2,500.
• B)3,750.
• C)2,550.
• D)3,125.

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Definitions:

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