Business, 02.02.2021 01:00, caromaybelline71

Suppose that three firms make up the entire tire manufacturing industry. One has a 40% market share, and the other two have a 30% market share each. The Herfindahl index of this industry is . Tread Tough, one of the firms with a 30% market share in the tire manufacturing industry, leaves the market. This would cause the Herfindahl index for the industry to .

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Suppose that three firms make up the entire tire manufacturing industry. One has a 40% market share,...