Y6

2. The table below contains the Four-firm concentration ratio and the HHI of five industries in the U.S. (3 pts each) Four-firm concentration ratio and the HHI. Industry Four-Firm HHI Concentration ratio (percentage) Breakfast 80 2253 cereal Ice cream 20 293 News Papers 20 241 Motor 75 2676 Vehicles Women's 10 61 closing a. Based on the information provided, determine the degree of competitiveness in each of the industries and in doing so, determine the market structure of each industry. b. The concentration measures are useful indicators of the degree of competition. But In some cases, the concentration measures may give misleading reading of competition in an industry. For which of the listed industries do the concentration measures give misleading information? Why? (Ctrl)