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3 June, 02:17

The Herfindahl-Hirschman Index is a measure of market power that focuses on:

(A) the ratio of the price of a firm's product to the price elasticity of demand for the product.

(B) the share of the market controlled by the X largest firms in the market.

(C) the sum of the squares of the market share of each firm in an industry.

(D) the difference between a firm's product price and its marginal costs of production.

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  1. 3 June, 02:37
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    C

    Explanation:

    Measures concentration by adding market shares squared
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