What is the herfindahl index for industry
The market shares of the respective companies comprising an industry are as follows: Company A, 30%; Company B, 40%; Company C, 10%; Company D, 5%; Company E, 7%; and Company F, 8%. What is the Herfindahl index for this industry?
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Company B, 40%; Company C, 10%; Company D, 5%; Company E, 7%; and Company F, 8%. What is the Herfindahl index for this industry?
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