Top Posters
Since Sunday
8
5
z
4
n
4
t
4
k
3
x
3
r
3
m
3
j
3
c
3
l
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Loraine Loraine
wrote...
Go to Answer
Posts: 4563
Rep: 33 0
9 years ago
The Herfindahl-Hirschman Index is used as a guideline to determine if a market is competitive or concentrated. Calculate the index value for each market described below.
a.    100 firms, each of which produces 1 per cent of market output
b.    50 firms, each of which produces 2 per cent of market output
c.    25 firms, each of which produces 4 per cent of market output
d.    20 firms, each of which produces 5 per cent of market output
e.    10 firms, each of which produces 10 per cent of market output
f.    5 firms, each of which produces 20 per cent of market output
g.    2 firms, each of which produces 50 per cent of market output
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 193 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
Replies
Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
#1
Top Poster
Posts: 1913
Rep: 241 0
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Loraine Author
wrote...

9 years ago
Helped a lot
bkrandy
wrote...

Yesterday
Thanks for your help!!
shangshang
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  891 People Browsing
 112 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 338
  
 247
  
 1627
Your Opinion
Where do you get your textbooks?
Votes: 447
Previous poll results: Do you believe in global warming?