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Which of the following is true of an industry's Herfindahl-Hirschmann Index (HHI)? 1) A low score indicates a monopolistic market

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Which of the following is true of an industry's Herfindahl-Hirschmann Index (HHI)?

1) A low score indicates a monopolistic market.

2) It is used to determine the amount of collusion in an industry.

3) It measures the amount of government involvement in the industry.

4) A high score indicates an oligopolistic market structure.

5) Higher scores indicate increasing power of labor over wages.