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lorasvet [3.4K]
3 years ago
8

An industry has 5 firms. Firm A has 30% of the market, Firm B and Firm C each have 25% of the market, Firm D has 15% of the mark

et, and Firm E has 5% of the market. What is the HHI for this industry
Business
1 answer:
stiks02 [169]3 years ago
5 0

Answer:

2400

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

30² + 25² + 25² + 15² + 5² = 2400

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4 years ago
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                  a                         b                       a×b

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Hope this helps

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