In the small town of Geneva, there are 5 firms that make watches. The firms' respective output levels are 24 watches per year, 20 watches per year, 20 watches per year, 20 watches per year, and 16 watches per year. The four-firm concentration ratio for the town's watch-making industry is Numeric Response

In the small town of Geneva, there are 5 firms that make watches. The firms' respective output levels are 24 watches per year, 20 watches per year, 20 watches per year, 20 watches per year, and 16 watches per year. The four-firm concentration ratio for the town's watch-making industry is Numeric Response

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter25: Government And Product Markets: Antitrust And Regulation

Section25.1: Antitrust

Problem 2ST

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Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms haves sales of $5 each. What is the four-firm concentration ratio for this industry? calculate HHI for this industry?
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms have sales of $5 each. What is the four-firm concentration ratio for this industry?
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