The Impact Of The Oil Market On The Socio-Economic Development Of Russia
Table 2: Numerical boundaries of HT values to determine the type of competition in the market
Numerical boundaries of HT | The type of competition |
0 | Perfect Competition |
0 < HT < 0.3 | The market is close to perfect competition |
0.3 ≤HT < 0.5 | Monopolistic Competition Market |
0.5 ≤HT < 0.7 | Oligopoly market |
0.7 ≤HT < 0.9 | There are companies on the market with dominant position |
0.9 ≤HT ≤ 1 | Monopoly |