Question
In a particular industry, there are ten firms with the following market shares: Firm 1 has an 29% market share, Firm 2 has a 22%
In a particular industry, there are ten firms with the following market shares: Firm 1 has an 29% market share, Firm 2 has a 22% market share, Firm 3 has a 17% market share, and Firm 4 has a 14% market share, and Firm 5 has 7% market share. The market share of each of the other five remaining firms is 0.2*(100-(29+22+17+14+7))%. Calculate the Herfindahl-Hirschman Index for this industry.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
