Consider an industry with 4 firms. All 4 firms and their yearly sales are listed in the

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Consider an industry with $4$ firms. All $4$ firms and their yearly sales are listed in the table below:

Firms and Yearly Sales

Firm Yearly Sales

$($ in Millions $)$

Jet Inc $ $234$

Kitco $ $182$

Lime Light $ $112$

Mind Corp $ $30$

What is the Herfindahl $-$ Hirschman Index $($ HHI $)$ for this industry?

Related Book For answer-question

Calculus Early Transcendentals

ISBN: 978-0321947345

2nd edition

Authors: William L. Briggs, Lyle Cochran, Bernard Gillett

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Posted Date: Jan 19, 2024 06:33 AM

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Consider an industry with 4 firms. All 4 firms and their yearly sales are listed in the

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The HerfindahlHirschman Index HHI is calculated by summing the squares of the market shares of all f... View the full answer

Calculus Early Transcendentals

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