Question
An industry consists of three firms with sales of $350,000, $600,000, and $750,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Enter your response rounded to
An industry consists of three firms with sales of $350,000, $600,000, and $750,000.
a. Calculate the Herfindahl-Hirschman index (HHI).
Instruction:Enter your response rounded to the nearest integer.
________?
b. Calculate the four-firm concentration ratio (C4).
_______?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
