Question
The local flour industry consists of five companies with annual sales of $0.3 million, $0.7 million, $1.2 million, $2.7 million, and $0.25 million. a) Calculate
The local flour industry consists of five companies with annual sales of $0.3 million, $0.7 million, $1.2 million, $2.7 million, and $0.25 million.
a) Calculate the Herfindahl-Hirschman index (HHI)
b) Calculate the four-firm concentration ratio (C4)
c) Based on the HHI and C4, what you can tell us about the degree of industry concentration in this market?
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Cryptocurrency And Public Policy
Authors: Donavon Johnson
1st Edition
1032311231, 978-1032311234
