(a) How much is the concentration ratio in the industry shown in Table 4? (b) Calculate the...
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(a) How much is the concentration ratio in the industry shown in Table 4?
(b) Calculate the Herfindahl – Hirschman index in this industry.
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TABLE 4 Firm 123&SO78 4 5 6 Market Share 40% 15 10 10 10 5 5 5
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