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Use this table of market shares for questions 17-18 Firm Market Share 1 45 2 20 3 15 4 10 5 7 6 3 Question

Use this table of market shares for questions 17-18

Firm Market Share
1 45
2 20
3 15
4 10
5 7
6 3

Question 17

The HHI index for this industry is:

Select one:

a.

2252

b.

2808

c.

2900

d.

2962

Question 18

If firm 5 and firm 6 merged, the new HHI index would be:

Select one:

a.

2250

b.

2300

c.

2850

d.

2950

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