Advantages of herfindahl index over concentration ratios
Problem:
(A) What are the advantages of the Herfindahl index over concentration ratios in measuring the degrees of concentration in an industry?
(B) What is the disadvantage of both?
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(A) What are the advantages of the Herfindahl index over concentration ratios in measuring the degrees of concentration in an industry? (B) What is the disadvantage of both?
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