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19-02-2024
Business

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An analyst gathers the following market share data for an industry:
ABV: 40%
ABW: 30%
ABX: 15%
ABY: 7%
ABZ: 8%
Determine the industry's three-firm Herfindahl-Hirschman Index.
a. 0.1815
b. 0.1726
c. 0.2004
d. 0.2467

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