Find HHI for the Widget Industry.
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Assume the Widget Industry is composed of the following firms with associated market shares:
Firm Market Share
A 37
B 20
C 10
D 5
E 3
The remaining market is served by about 100 small firms.
What is the HHI for the Widget Industry?
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Solution Summary
This solution shows how to calculate the Herfindahl-Herschman Index, which measures the competitiveness of an industry.
Solution Preview
The Herfindahl-Herschman Index (HHI) measures the level of competitiveness in an industry. It is calculated ...
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