The three largest firms in an industry have market shares of 40 percent, 30 percent, and 2 percent. The remaining 47 firms in the industry each have a market share of 1 percent. The Herfindahl-Hirschman Index (HHI) for this industry is

A) 2,551.
B) 5,184.
C) 24,061.
D) 10,000.
E) 3,013.

A

Economics

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