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1. suppose the market share of the four largest firms in the car wash industry are 18, 16, 12 and 10. What is the fore
1. suppose the market share of the four largest firms in the car wash industry are 18, 16, 12 and 10. What is the fore firm concentration ratio? Accepted characters: numbers, decimal point markers, sign indicators(-), spaces, (e.g., as thousand separators, 5,000) "E" or "e"(use in scientific notation). Note: for scientific notation, a period must be used as a decimal point marker. Complex number should be in the form {a+bi} where "a" and "b" need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. 2. The concentration ratio you calculated in question 1 is not concerning the industry. True or False. 3. Suppose the market shares of the four largest firms in the car wash industry are 18, 16, 12, and 10. What is the HHI? 4. Referred to question 3. A merger would be allowed across any of the top four firms in the industry. True or False
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