Question
Consider the following industry with four firms Firm A has sales of $40,791 Firm B has sales of $71,449 Firm C has sales of $40,460
Consider the following industry with four firms
Firm A has sales of $40,791
Firm B has sales of $71,449
Firm C has sales of $40,460
Firm D has sales of $18,495
Calculate Herfindahl's index for this industry
Note: Enter answer as a decimal between 0 and 1 (NOT between 0 and 10,000) to at least FOUR significant figures
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
