Question
Suppose that there are two industries, A and B. There are four firms in industry A with sales at $5 million, $2 million, $1 million,
Suppose that there are two industries, A and B. There are four firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, , respectively. There are four firms in industry B with equal sales of $2.5 million for each firm.
(a) Please calculate the four firm concentration ratio (C4) for industry A. Please show your calculations.
(b) Please calculate the four firm concentration ratio (C4) for industry B.
(c) Please calculate the Herfindahl-Hirschman index for industry A. Please show your calculations.
(d) Please calculate the Herfindahl-Hirschman index for industry B. Please show your calculations.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Democratizing The Economics Debate Pluralism And Research Evaluation
Authors: Carlo D'Ippoliti
1st Edition
1000066169, 9781000066166
