The table shows sales information for the firms in three different markets. Use the Herfindahl-Hirschman Index (HHI) to sort the markets from most concentrated to least concentrated. Most concentrated Sales Market A Market B Market C Largest firm $515.00 $10681.00 $1051.00 2nd Largest firm $413.00 $81.00 $941.00 3rd Largest firm $381.00 $51.00 $0 4th Largest firm $291.00 $0 $0 Total market sales $1600.00 $10813.00 $1992.00 Least concentrated Answer Bank Market C Market A Market B

The table shows sales information for the firms in three different markets. Use the Herfindahl-Hirschman Index (HHI) to sort the markets from most concentrated to least concentrated. Most concentrated Sales Market A Market B Market C Largest firm $515.00 $10681.00 $1051.00 2nd Largest firm $413.00 $81.00 $941.00 3rd Largest firm $381.00 $51.00 $0 4th Largest firm $291.00 $0 $0 Total market sales $1600.00 $10813.00 $1992.00 Least concentrated Answer Bank Market C Market A Market B

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter15: Economic Regulation And Antitrust Policy

Section: Chapter Questions

Problem 4.7P

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