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I need help with this question 3. The following table lists the percentage of market share for 6 firms in the toy industry. Firm Market

I need help with this question

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3. The following table lists the percentage of market share for 6 firms in the toy industry. Firm Market Share A 40% B 6% C 14% D 2% E 3% F 35% a. What is the 4-firm concentration ratio (CR4) in this industry? b. What is the Herfindahl-Hirschman Index (HHI) for this industry? c. According to the CR4 and HHI measures, would you consider the toy industry (above) to be an oligopoly and why

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