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B. (9 marks) Firm Sales (thousands of galleons) Nimbus, Inc 57.5 Cleansweep, Inc 33.3 Bogey, Inc 12.6 Muggle Handles, Inc 9.9 Salazar's Sticks 11.1 Draco

B. (9 marks) Firm Sales (thousands of galleons) Nimbus, Inc 57.5 Cleansweep, Inc 33.3 Bogey, Inc 12.6 Muggle Handles, Inc 9.9 Salazar's Sticks 11.1 Draco Dormiens, Inc 8.6 Avada's Broom 7.8 The table above shows sales of the firms in the broomstick industry: 1) Calculate the four-firm concentration ratio. Interpret. 2) Calculate the Herfindahl-Hirschman Index. Interpret. 3) Based on your calculations, what is the structure of the industry

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