Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Five brands are competing in the market. Company A has 35,000 units sold at $5.00/unit. It sold to 7,000 households in market size of 84,000.
Five brands are competing in the market.
- Company A has 35,000 units sold at $5.00/unit. It sold to 7,000 households in market size of 84,000.
- Company B has 12,000 units sold and revenues of $54,000 for these units. It sold to 3,000 households in market size of 21,000.
- Company C has 14,000 units sold at $5.50/unit. The average household purchase was 2 units. Its market size of 105,000.
- Company D has 5,000 units sold at $6.00/unit. It sold to 833 households in market size of 5,000.
- Company E has 22,000 units sold and revenues of $126,500 for these units. It sold to 5,500 households in market size of 22,000.
What is the Herfindahl unit index score value?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started