Table 2

Economic view of HHI

HHI in percentage rangeConcentrationCompetitive environment
0.00 < HHI =< 0.20LowPerfect competition
0.20 < HHI =< 0.40SlightMonopolistic competition
0.40 < HHI =< 0.70ElevatedOligopoly

Source(s): Adapted by authors from Djolov (2013) 

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