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2) You work for the FTC and are studying the market for coffee shops in San Luis Obispo. You gather sales data on each of
2) You work for the FTC and are studying the market for coffee shops in San Luis Obispo. You gather sales data on each of the 8 coffee shops in SLO. The following table provides the per-day sales of coffee at each of the 8 shops: Store A B C D E F G H Total Sales 260 200 175 175 100 80 50 30 a) What is the 4-firm concentration ratio for the coffee shop market in San Luis Obispo? b) Calculate the Herfindahl-Hirschman index (HHI) for the coffee shop market in San Luis Obispo
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