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Consider an industry with 4 firms. All 4 firms and their yearly sales are listed in the table below: Firms and Yearly Sales Firm

Consider an industry with 4 firms. All 4 firms and their yearly sales are listed in the table below:

Firms and Yearly Sales

Firm              Yearly Sales

                        (in Millions)

Jet Inc              $234

Kitco               $182

Lime Light     $112

Mind Corp      $30

What is the Herfindahl-Hirschman Index (HHI) for this industry?

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The HerfindahlHirschman Index HHI is calculated by summing the squares of the market shares of all f... blur-text-image

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