A student figured out that the HHI for an industry was 15,000.The Proper conclusion is The student made some computational errors.
Step-by-step explanation:
The term “HHI” stands for the Herfindahl–Hirschman Index. This index is used to measure the market concentration.
It is calculated by squaring the market share of each competing firm of the market and then adding all the result.
The markets in which HHI is in between 1,500 and 2,500 points are said to be moderately concentrated, while on the other hand markets in which the HHI is in beyond of 2,500 points are considered to be highly concentrated.
So we can say that
A student figured out that the HHI for an industry was 15,000.The Proper conclusion is The student made some computational errors.