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6 years ago
There are four firms in the cement industry in Richland. Firm A has a market share of 30%, Firm B has a market share of 20%, Firm C has a market share of 25%, and Firm D has a market share of 25%. The Herfindahl-Hirschman Index for the cement industry is ________.
A) 50
B) 100
C) 2,550
D) 4,000
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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