(10 Marks) Given: LUXURY CAR MARKET - CANADA Porche Volvo Acura 4% 3% 8% Mercedes Audi 18% 18% Lincoln 4% Lexus BMW 13% 17% Jaguar 4% Infinity Cadillac 5% 6% Answer the questions below (No shortcuts): What is the 4-Firm Concentration Ratio? (3.33 marks) % What is the Herfindahl Index? (3.33 marks) What type of market is this most likely to be? (3.33 Marks) (Possible Choices: Monopoly, Oligopoly, Perfect Competition, Monopolistic Competition)