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Calculate herfindahl index for industry

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Reference no: EM133066480

Consider the following industry with four firms

Firm A has sales of $40,791

Firm B has sales of $71,449

Firm C has sales of $40,460

Firm D has sales of $18,495

Calculate Herfindahl's index for this industry

Note: Enter answer as a decimal between 0 and 1 (NOT between 0 and 10,000) to at least FOUR significant figures

Reference no: EM133066480

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