ECO – Herfindahl index for an industry composed of (a) three firms

| August 14, 2017

Find the Herfindahl index for an industry composed of (a) three firms – one with 70 of the market, and the other two with 20 and 10 percent of the market, respectively; (b) One firm with a 50 percent share of the market and 10 other equal-sized firms; (c) 10 equal-sized firms.

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