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Please explain and show work Questions 18 through 20 are related. 18. The article titled Cocoa Cartel Stirs Up Global Chocolate Market describes how large

Please explain and show work

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Questions 18 through 20 are related. 18. The article titled \"Cocoa Cartel Stirs Up Global Chocolate Market" describes how large national producers of cocoa are attempting to form a cartel. The plan seems to be the each government of an exporting country would control the marketing of the nation's crop, thereby being able to limit sales to an agreed quantity. If each government is considered a \"producer", using the spreadsheet data, the \"concentration ratio\" for the top 10 producers in the industry is: 5.64% 1 7.24% 76.76% 88.72% 94.36% El OQOU'N 19. If each government is considered a \"prod ucer", using the spreadsheet data, the Herfindahl Index for the industry is: 0.01 36 0.2099 0.361 8 0.5802 0.7901 On''l _| l _| L 20. Based on your answer above and the U.S. Justice Department's interpretation of the Herfindahl Index, it would be concluded the cocoa production industry is: Highly Competitive. Un-Concentrated. Moderately Concentrated. Highly Concentrated. None of the above answers is correct. PPPP'P

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