7. Suppose the percentage of business sales the top firms have in some industries are respectively, 50%, 10%, 9%, 5%, 2%
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7. Suppose the percentage of business sales the top firms have in some industries are respectively, 50%, 10%, 9%, 5%, 2%
7. Suppose the percentage of business sales the top firms have in some industries are respectively, 50%, 10%, 9%, 5%, 2%, and 1%. Calculate the CR (4) and determine the type of competition the industry is. Calculate the HHI for problem 7
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