The automobile industry in Richland has a Herfindahl-Hirschman Index of 5,600. This implies that the automobile industry in Richland is ________
A) dominated by a few buyers
B) moderately concentrated
C) highly concentrated
D) perfectly competitive
C
Economics
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a. True b. False Indicate whether the statement is true or false
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Positive externalities lead to under supply in a market
Indicate whether the statement is true or false
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