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Question: if the hhi for an industry equals 3200 firms in...

Question details

If the HHI for an industry equals 3,200. firms in the industry

are likely to act independently of each other

the industry is probably and oligopoly firms in the industry

are most likely to earn zero economic profit

firms in the industry must enter a cartel in order to earn an economic profit

the industry is almost surely monopolistic competition

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