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What are the advantages of the herfindahl index over

(a) What are the advantages of the Herfindahl index over concentration ratios in measuring the degree of concentration in an industry? (b)What is the disadvantage of both? Provide your opinions.
(c) In what way does OPEC resemble a cartel? How successful was it? Provide your opinions.

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Business Management: What are the advantages of the herfindahl index over

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