Business, 05.01.2021 16:20 wallacelizzy1

Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. The Herfindahl index of this industry is . Mane Attraction, one of the firms with a 20% market share in the wig manufacturing industry, leaves the market. This would cause the Herfindahl index for the industry to . Why is the largest possible value of the Herfindahl index is 10,000

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Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share,...

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