Sign in Homework: Government and Pro X MindTap - Cengage Learning X + X C https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5813538219621591114194498&elSBN=978133... A" CJ CENGAGE | MINDTAP Q Search this course ? Homework: Government and Product Markets: Antitrust and Regulation (Ch 25) X Back to Assignment Attempts Keep the Highest / 3 A-Z E 3. The Herfindahl index T Suppose that three firms make up the entire tire manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. EI The Herfindahl index of this industry is + 1 2 Tread Tough, one of the firms with a 20 10,000 share in the tire manufacturing industry, leaves the market. This would cause the Herfindahl index for the industry to bongo 4,400 The largest possible value of the Herfine 2,000 is 10,000 because: 4,00 O An industry with an index hig 0,000 is automatically regulated by the Justice Department 6,000 An index of 10,000 correspon Monopoly firm with 100% market share ? An index of 10,000 corresponds to 100 firms with a 1% market share each A+ VI Grade It Now Save & Continue Continue without saving O 37. F Q Search W 8:42 AM Sunny 4/20/2024 PRESign in Homework: Government and Pro X MindTap - Cengage Learning X + X C https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5813538219621591114194498&elSBN=978133... A" CJ CENGAGE | MINDTAP Q Search this course ? Homework: Government and Product Markets: Antitrust and Regulation (Ch 25) X Back to Assignment Attempts Keep the Highest / 3 A-Z E 3. The Herfindahl index T Suppose that three firms make up the entire tire manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. EI The Herfindahl index of this industry is + 1 2 Tread Tough, one of the firms with a 20% market share in the tire manufacturing industry, leaves the market. This would cause the Herfindahl index for the industry to bongo The largest possibl remain the same dahl index is 10,000 because: rise O An indus gher than 10,000 is automatically regulated by the Justice Department fall O An index has to a monopoly firm with 100% market share ? An index of 10,000 corresponds to 100 firms with a 1% market share each A+ VI Grade It Now Save & Continue Continue without saving O 37. F Q Search W 8:42 AM Sunny 4/20/2024 PRE