Someone to help with Question 8.
Homework Answers
HHI Index range from 0 to 1 where 0 shows that market is perfectly competitive because there will be many firms which have 0% share each while 1 shows that there is only 1 firm in the market which have 100% share. Simply, we can say that lesser the value of HHI, more competitive the market is.
Oregon have HHI value 0.2506 while Washington have HHI value of 0.2658, Oregon is more competitive.
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Someone to help with Question 8.
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documents as you will see.
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