If there are 13 All others in the industry in Problem 26-1, each of which has a

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If there are 13 "All others" in the industry in Problem 26-1, each of which has a share of sales equal to 1 percent, what is the value of the Herfindahl- Hirschman Index for this industry?

Problem 26-1

Suppose that the distribution of sales within an industry is as shown in the first table.image text in transcribed

a. What is the four-firm concentration ratio for this industry?

b. What is the eight-firm concentration ratio for this industry?

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