Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 27 percent, 26 percent, 22 percent, 12 percent, 7 percent, 4 percent, and 2 percent. Instructions: Enter your answers as a whole number. What is the four - firm concentration ratio of the hamburger industry in this town? percent What is the Herfindahl index for the hamburger industry in this town? If the top three sellers combine to form a single firm, what would happen to the four - firm concentration ratio and to the Herfindahl index? Four - firm concentration ratio = percent Herfindahl index =
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 27 percent, 26 percent, 22 percent, 12 percent, 7 percent, 4 percent, and 2 percent. Instructions: Enter your answers as a whole number. What is the four - firm concentration ratio of the hamburger industry in this town? percent What is the Herfindahl index for the hamburger industry in this town? If the top three sellers combine to form a single firm, what would happen to the four - firm concentration ratio and to the Herfindahl index? Four - firm concentration ratio = percent Herfindahl index =
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter11: Monopoly And Antitrust Policy
Section: Chapter Questions
Problem 2SCQ: Is it true that the four-firm concentration ratio puts more emphasis on one or two very large films,...
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