The following table presents information on the production of five firms that produce all of the output in an industry. Firm Output (units) A 600 B 600 C 500 D 500 E 500 Instructions: Round your answers to two decimal places. a. What is the four-firm concentration ratio for this industry? % b. What is the Herfindahl-Hirschman Index for this industry?
The following table presents information on the production of five firms that produce all of the output in an industry. Firm Output (units) A 600 B 600 C 500 D 500 E 500 Instructions: Round your answers to two decimal places. a. What is the four-firm concentration ratio for this industry? % b. What is the Herfindahl-Hirschman Index for this industry?
Chapter12: Government And Product Markets: Antitrust And Regulation
Section12.1: Antitrust
Problem 2ST
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The following table presents information on the production of five firms that produce all of the output in an industry.
Firm | Output (units) |
A | 600 |
B | 600 |
C | 500 |
D | 500 |
E | 500 |
Instructions: Round your answers to two decimal places.
a. What is the four-firm concentration ratio for this industry?
%
b. What is the Herfindahl-Hirschman Index for this industry?
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