Question
If I only have 3 firms representing 97.8% of the market, can I figure HHI with just those 3 firms or do I have to
If I only have 3 firms representing 97.8% of the market, can I figure HHI with just those 3 firms or do I have to create a 4th fictitious firm to add the 2.2% to create a 100%
i.e.: firm 1 = 65%, firm 2 = 17.4%, firm 3 = 15.4%, totaling 97.8%. There is no info given beyond these 3
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
