An industry consists of six firms with annual sales of 300, Business Economics

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An industry consists of six firms with annual sales of 300

An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. What is the HHI? According to the general rule of thumb, the HHI of this industry implies that the market structure is ________ (competitive, noncompetitive, noninclusive, monopoly)

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Business Economics: An industry consists of six firms with annual sales of 300

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