A student in a managerial economics class calculated the four-firm concentration ratio and HHI for industries A and B. What is the proper conclusion she can draw from the following findings? Industry A Industry B Four-firm Concentration 0.9 1 ratio HHI 3,200 2,500 (a) Is either industry a perfect monopoly? Please explain using the information in the question. (b) Is either industry perfectly competitive? Please explain using the information in the question.
A student in a managerial economics class calculated the four-firm concentration ratio and HHI for industries A and B. What is the proper conclusion she can draw from the following findings? Industry A Industry B Four-firm Concentration 0.9 1 ratio HHI 3,200 2,500 (a) Is either industry a perfect monopoly? Please explain using the information in the question. (b) Is either industry perfectly competitive? Please explain using the information in the question.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A student in a managerial economics class calculated the four-firm concentration
ratio and HHI for industries A and B. What is the proper conclusion she can draw from the
following findings?
Industry A Industry B
0.9
Four-firm Concentration
1
ratio
ННІ
3,200
2,500
(a) Is either industry a perfect monopoly? Please explain using the information in the question.
(b) Is either industry perfectly competitive? Please explain using the information in the question.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90da9f2f-441d-426a-94d5-e5c99201db58%2Fa8bdb2e3-533f-4048-bf10-ed49026acae9%2Fhhth6wa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A student in a managerial economics class calculated the four-firm concentration
ratio and HHI for industries A and B. What is the proper conclusion she can draw from the
following findings?
Industry A Industry B
0.9
Four-firm Concentration
1
ratio
ННІ
3,200
2,500
(a) Is either industry a perfect monopoly? Please explain using the information in the question.
(b) Is either industry perfectly competitive? Please explain using the information in the question.
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