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, calculate the "concentration ratio" for the top 10 producers in the industry and enter the answer on the spreadsheet in percent form to two decimals, for example as 65.55% or 42.35%.

Concentration Ratio:

19.If each government is considered a "producer", using the spreadsheet data, calculate the Herfindahl Index for the industry and enter the answer on the spreadsheet in decimal form to four decimals, for example as 0.4133 or 0.5144.

Herfindahl Index:

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:

a.Highly Competitive.

b.Un-Concentrated.

c.Moderately Concentrated.

d.Highly Concentrated.

e.None of the above answers is correct.