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MC Qu. 13-36 (Algo) Refer to the data. Suppose that... Firm Market Share (%) A 30 B 22 C 18 D 17 E 7 F

MC Qu. 13-36 (Algo) Refer to the data. Suppose that...

Firm Market Share (%)
A 30
B 22
C 18
D 17
E 7
F 6

Refer to the data. Suppose that firms in this industry split up such that there were 50 firms, each with a 2 percent market share. The four-firm concentration ratio and the Herfindahl index respectively would be

Multiple Choice

  • 8 percent and 8.
  • 8 percent and 200.
  • 100 percent and 10,000.
  • 200 percent and 16.

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