1. Suppose you work as an industry analyst in an investment firm. Your main task is to analyze and determine the size distribution of firms within an industry. Suppose the market shares of the six largest firms in an industry of interest to your firm are 12 percent each. Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.Alsowhatdoesthissayaboutdegreeconcentration?