Suppose there are five firms in an industry. Their sales (i.e., total revenue) are as follows:
Question:
• Firm 1: $90 million
• Firm 2: $50 million
• Firm 3: $36 million
• Firm 4: $14 million
• Firm 5: $10 million
Compute the Herfindahl-Hirschman Index (HHI) for this industry
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The HHI is the sum of the squared market shares for all of the firms in this industry The total ...View the full answer
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