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The mobile games market consists of 5 firms. The console market consists of 6 firms. The market shares (in %) are as indicated in the
The mobile games market consists of 5 firms. The console market consists of 6 firms. The market shares (in %) are as indicated in the table below.
Industry Firm1 Firm2 Firm3 Firm4 Firm5 Firm6
Mobile games 40 15 15 15 15 0
Consoles 45 11 11 11 11 11
Calculate the concentration ratio CR4 and Herfindahl-Herschman Index for both industries and conclude which industry is more concentrated.
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