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Question
There are three banks in East Panhandle. First National Bank which currently has 40 percent of the deposits in the area, Second State Bank which currently has 30 percent of the deposits, and New State Bank and Trust which also has 30 percent of the deposits. What is the Herfindahl-Hirschman Index for East Panhandle?
A. 100
B. 1,200
C. 3,400
D. 2,400
E. None of the options is correct
Answer
This answer is hidden. It contains 1 characters.
Related questions
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