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8. Suppose the percentage of business sales the top firms have in some industries are respectively, 25%, 20%, 7%, 6%, 5%
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8. Suppose the percentage of business sales the top firms have in some industries are respectively, 25%, 20%, 7%, 6%, 5%
8. Suppose the percentage of business sales the top firms have in some industries are respectively, 25%, 20%, 7%, 6%, 5%, and 4%. Calculate the CR (6) and determine the type of competition the industry is. Calculate the HHI for Problem 8.