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In a five firm industry. The top four firms have market shares of 40%, 20%, 18%, and 17.3%,. Compute the Herfindahl-Hirschman index for the industry.
Hint 1: You will need to calculate the market share of the fifth firm first.
Hint Two: Write answer to two decimal places.
Hint Three: When calculating the HHI remember 10% market share is 10 not 0.10.
Why is the marginal revenue for the monopolist downward sloping?
global geographic structurethe global geographic area structure is the most common form of organization for foreign
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