35. Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or out?

Table 11.5

GM19%

Ford17%

Toyota14%

Chrysler11%

36. Use Table 11.5 and Table 11.6 to calculate the Herfindal-Hirschman Index for the U.S. auto market. Would the FTC approve a merger between GM and Ford?

Table 11.5

Honda10%

Nissian7%

Hyundai5%

Kia4%

Subara3%

Volkswagon3%