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1. Suppose an industry has 4 firms and the firms have 40%, 30%, 20% and 10% of the market share, what is the HHI index

1. Suppose an industry has 4 firms and the firms have 40%, 30%, 20% and 10% of the market share, what is the HHI index for this industry?

2. If the third and fourth firms in the industry above merge, what is the new HHI index for this industry?

3.What is the largest possible number for HHI index?

4. What is the HHI for the cellular wireless industry?

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