Solved: The four-firm concentration ratio for audio equipment, Microeconomics

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The four-firm concentration ratio for audio equipment

Question: The four-firm concentration ratio for audio equipment makers is 30, and for electric lamp makers it is 89. The HHI for audio equipment makers is 415, and for electric lamp makers it is 2,850. Which of these markets is an example of monopolistic competition?

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Microeconomics: The four-firm concentration ratio for audio equipment

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