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Grocery store industry firms: 1 2 3 4 5 6 7 8 9 10 sales in millions per firm: 20 18 16 13 10 8

Grocery store industry firms: 1 2 3 4 5 6 7 8 9 10 sales in millions per firm: 20 18 16 13 10 8 6 5 3 1 What is the Herfindahl-Hirschman Index (HHI) for the grocery industry? What is the concentration ratio of four firms (CR-4) for the grocery industry? Based on your calculated HHI, this industry is (not concentrated/moderately concentrated/highly concentrated)

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