Question: Industry A is composed of five large firms and 100
Industry A is composed of five large firms and 100 small firms. The market shares of the five largest firms are, respectively, 25, 20, 15, 10 and 5. The 100 small firms together have the remaining market share. Calculate the Herfindahl-Hirshman index and determine what degree of concentration it exhibits. Would it be considered an oligopoly?
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