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Refer to the section The Prevalence of Oligopoly and review the formula for Herfindahl-Hirschman Index or HHI. Assume an industry consists of six firms with
Refer to the section "The Prevalence of Oligopoly" and review the formula for Herfindahl-Hirschman Index or HHI.
Assume an industry consists of six firms with the following market shares:
Firm Market Share (%)
A 12
B 24
C 14
D 22
E 20
F 8
Calculate HHI. How would this industry be characterized by the Justice Department guidelines?
and
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- Subway advertises one of its sandwiches by claiming that it contains 6 grams of fat and fewer than 300 calories.
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