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If an industry is made up of one firm, what would be the result? Question 23...

If an industry is made up of one firm, what would be the result?

Question 23 options:

CR = 10%; HI = 100

CR = 100%; HI 100

CR = 100%, HI = 1,000

CR = 100%; HI = 1,100

none of the above

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Answer #1

Option 5

If an industry has a single firm, then it indicates about monopoly which has concentration ratio of 100 percent and Herfindahl-Hirschman index of 10000

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