Suppose there are four firms in an industry. The market shares of the four firms are 5 percent, 20 percent, 35 percent, and 40 percent. The Herfindahl-Hirschman index for that industry is
A) 6,650.
B) 3,250.
C) 1,250.
D) 100.
B
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Answer the following statement true (T) or false (F)
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a. True b. False Indicate whether the statement is true or false
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