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Basic Question 2 of 4
Consider three firms in industry X. 
B. 2.27
C. 3
The market structure is equivalent to having ______ firms of the same size.
A. 0.4
B. 2.27
C. 3
User Contributed Comments 1
| User | Comment |
|---|---|
| AyshaAli | Take the reciprocal of the H consitration to find the average concentration of each firm. |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
identify the type of market structure within which a firm operates and describe the use and limitations of concentration measures
CFA® 2025 Level I Curriculum, Volume 1, Module 1.