If an industry is comprised of four firms and their market shares are 40%, 30%, 20%, and 10%, then the Herfindahl index for the industry is:

Option ----------------------- C

 c.3,000 ................................................................................................................

My answer is also option (C)

option c .................................................................................................

The answer is : Option ( C )

Herfindahl index would be3,000

opt C _________________________________

1. The correct answer was: c.3,000.

(C)                                Thank You.

c.3,000 ...................................