Suppose a market has 10 suppliers, each of them with 10 percent of the market. What are
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Suppose a market has 10 suppliers, each of them with 10 percent of the market. What are the concentration ratio and the HHI of the top four firms?
A. Concentration ratio 4 percent and HHI 40
B. Concentration ratio 40 percent and HHI 0.4
C. Concentration ratio 40 percent and HHI 0.04.
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