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Business, 15.07.2021 20:30 lovvyDovvy04

The following firms in the widget industry have the following market shares: Spacely Sprocket Widgets 12 %,
Cogswell Cog Widgets 13 %,
Intel Widgets 14 %,
Compaq Widgets 15 %,
IBM Widgets 16%,
Apple Widgets 17 %, &
Microsoft Widgets 13 %.

Required:
Based on this information, what is the Herfindahl Hirschmann Index (HHI) for the Widget Industry ?

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