Question
Suppose the pizza market is divided as follows: Firm Market Share (%) Pizza Hut 35 Domino's 25 Papa John's 20 Pizza Inn 12 All others
Suppose the pizza market is divided as follows:
Firm Market Share (%) Pizza Hut 35 Domino's 25 Papa John's 20 Pizza Inn 12 All others 1
a. What is the approximate Herfindahl index? b. Based on the Herfindahl index calculation, how would you describe its market structure? Monopolistic competition Oligopoly c. What is the four-firm concentration ratio?
Suppose the pizza market is divided as follows: a. What is the approximate Herfindahl index? Instructions: Round your answer to the nearest whole number b. Based on this Herfindahl index calculation, how would you describe its market structure? Monopolistic competition Oligopoly c. What is the four-firm concentration ratio? Instructions: Round your answer to to one decimal place
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Auditing Principles A Systems Based Approach
Authors: Howard F. Stettler
5th Edition
0130517224, 9780130517227
