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If there are five firms in an industry and the market shares of the firms are 45 percent, 22 percent, 17 percent, 10 percent and
If there are five firms in an industry and the market shares of the firms are 45 percent, 22 percent, 17 percent, 10 percent and 6 percent.The four-firm concentration ratio for this industry is __________________ percent and the Herfindahl Index is ________________.
Group of answer choices
a. 94; 2,934
b. 90; 3,300
c. 86; 9,216
d. This information cannot be determined from the data given.
e. 94; 2,898
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