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Exercise 2. Consider in city of Shadyland where there are ve hospitals. Use the table below to answer the components of this exercise. Market Share

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Exercise 2. Consider in city of Shadyland where there are ve hospitals. Use the table below to answer the components of this exercise. Market Share (are) m AmigoHospital ssoo _ BhandariHospital 4500 _ Esposito Hospital 3000 _-_- 1. Complete the table above. [10] 2. Calculate the HHI. [5] 3. Interpret the HHI. [5] 4. In class, we discussed that hospital services markets have become increasingly concentrated over time (less competitive) due to mergers and consolidations among hospitals. How do the results in this exercise compare the the empirical research? Think about why they might differ. F101

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