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Tidy Tidy
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9 years ago
Consider two industries, industry W and industry X. In industry W there are five companies, each with a market share of 20% of total sales. In industry X, there are six companies. One company has a 50% market share and each of the other five firms has a market share of 10%.

a.   Calculate the four-firm concentration ratio for each industry.
b.   Calculate the Herfindahl-Hirschman Index (HHI) for each industry.
c.   What do the values of the two concentration measures imply about the degree of market power in the two industries?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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VincenzoDVincenzoD
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Tidy Author
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9 years ago
Thanks for your help!!
wyq2651
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Yesterday
Brilliant ツ
wyq2651
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2 hours ago
Thanks
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