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chomtong chomtong
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7 years ago
Industry A has two firms that each control 50 percent of the market.  Industry B has three firms, where one firm controls 70 percent of the market and the other two firms control 15 percent of the market each.  According to the HHI, which industry is more concentrated?
A) Industry A
B) Industry B
C) Both industries are equally concentrated.
D) indeterminate from the given information.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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