Choose ONE of the following industries: (1) Wireless (e.g., Sprint); (2) Automobile (e.g., Ford); or (3) Airlines (e.g., United) that are in an oligopolistic market structure, and then:

a.Research each of the firms in the industry to determine their market shares (i.e., % sales) - list each in your paper.

b. Compute the concentration ratio (CR),and the HHI (show your work in your post) - the reference on page 252 in the text. Note: To determine the four-firm CR, just add the % market share of the four largest firms. Also, when squaring market share for the HHI, do not convert sales % to decimal but square the actual % sales number.

c. What do the CR and HHI indicate about the industry?

You must include your references. A good reference for data is:https://www.statista.com/Note that Statista has a paywall but you usually can get several free searches.

Save your work as a Word (doc ordocx) file and upload it here. Use 1" margins, double spacing, and 12 pointArial, Times NewRoman, or similar. Ensure you provide links to all your references.