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?

Microeconomics
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ISBN:9781337617406
Author:Roger A. Arnold
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Chapter12: Government And Product Markets: Antitrust And Regulation
Section12.1: Antitrust
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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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