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The Herfindahl-Hirschman index is equal to: a
The Herfindahl-Hirschman index is equal to:
a. The sum of squared market shares of purchases by all consumers of the industry's products.
b. The sum of shares of purchases by the largest consumers of the industry's products.
c. The sum of market shares of the largest firms in an industry.
d. The sum of squared market shares of all firms in the industry.
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