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If an industry has a Herfindahl index of 3,000, the contestable market model probably would predict that the industry would be more likely to have a:
Economic Profits
The surplus left after deducting both explicit and implicit costs from total revenues.
Savings Account
A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.
Interest Rate
The cost of borrowing money or the return on investment expressed as a percentage, typically on an annual basis.
Implicit Costs
Non-monetary opportunity costs, such as time or foregone alternatives, not directly accounted for in financial transactions.
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