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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
The Herfindahl-Hirschman Index is used as a guideline to determine if a market is competitive or concentrated. Calculate the index value for each market described below.
a.    100 firms, each of which produces 1 per cent of market output
b.    50 firms, each of which produces 2 per cent of market output
c.    25 firms, each of which produces 4 per cent of market output
d.    20 firms, each of which produces 5 per cent of market output
e.    10 firms, each of which produces 10 per cent of market output
f.    5 firms, each of which produces 20 per cent of market output
g.    2 firms, each of which produces 50 per cent of market output
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
Just got PERFECT on my quiz
dearsophia21
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Yesterday
Thanks
megan.xo
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2 hours ago
Smart ... Thanks!
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