Business, 12.04.2021 22:50 erinolson07cats
3. The Herfindahl-Hirschman index Suppose that three firms make up the entire tire manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. The Herfindahl-Hirschman index of this industry is . Tread Tough, one of the firms with a 20% market share in the tire manufacturing industry, leaves the market. This would cause the Herfindahl-Hirschman index for the industry to . Why is the largest possible value of the Herfindahl-Hirschman index is 10,000
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3. The Herfindahl-Hirschman index Suppose that three firms make up the entire tire manufacturing ind...
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