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How much is the concentration ratio in the industry shown in the given table? Firm Market Share 1 30% 2 20 3 20 4 10
How much is the concentration ratio in the industry shown in the given table?
Firm | Market Share |
1 | 30% |
2 | 20 |
3 | 20 |
4 | 10 |
5 | 10 |
6 | 5 |
7 | 5 |
Concentration ratio: ____ % b) Calculate the Herfindahl-Hirschman index in this industry. Herfindahl-Hirschman index: _____
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