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you and the real estate agent? Please explain. 4. (10 points) A student in a managerial economics class calculated the four-firm concentration ratio and HHI

you and the real estate agent? Please explain. 4. (10 points) A student in a managerial economics class calculated the four-firm concentration ratio and HHI for industries A and B. What is the proper conclusion she can draw from the following findings? Industry A Industry B Four-firm Concentration 0.9 ratio HHI 3,200 2,500 (a) Is either industry a perfect monopoly? Please explain using the information in the question. (b) Is either industry perfectly competitive? Please explain using the information in the question. [Note: a perfect monopoly is a market that meets all the assumptions of a monopoly, and a perfectly competitive market is one that meets all the assumptions of a perfectly competitive market]

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