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The following table represents the market share percentage for each firm in a hypothetical industry. Firm A B C D EFGH Market Share 15 6 12 7 20 10 19 11 The four-firm concentration ratio for this industry is ☐ (Enter your response as an integer.) The Herfindahl-Hirschman Index (HHI) for this industry is (Enter your response as an integer.) Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concentrated? OA. Concentrated because the four-firm concentration ratio is over 60. OB. Moderately concentrated because the HHI is below 1,800. C. Unconcentrated because the four-firm concentration ratio is under 90. D. Mildly concentrated because the HHI is under 2,000.

The following table represents the market share percentage for each firm in a hypothetical industry. Firm A B C D EFGH Market Share 15 6 12 7 20 10 19 11 The four-firm concentration ratio for this industry is ☐ (Enter your response as an integer.) The Herfindahl-Hirschman Index (HHI) for this industry is (Enter your response as an integer.) Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concentrated? OA. Concentrated because the four-firm concentration ratio is over 60. OB. Moderately concentrated because the HHI is below 1,800. C. Unconcentrated because the four-firm concentration ratio is under 90. D. Mildly concentrated because the HHI is under 2,000.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table represents the market share percentage for each firm in a hypothetical industry. Firm A B C D EFGH Market Share 15 6 12 7 20 10 19 11 The four-firm concentration ratio for this industry is ☐ (Enter your response as an integer.) The Herfindahl-Hirschman Index (HHI) for this industry is (Enter your response as an integer.) Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concentrated? OA. Concentrated because the four-firm concentration ratio is over 60. OB. Moderately concentrated because the HHI is below 1,800. C. Unconcentrated because the four-firm concentration ratio is under 90. D. Mildly concentrated because the HHI is under 2,000.
Transcribed Image Text:The following table represents the market share percentage for each firm in a hypothetical industry. Firm A B C D EFGH Market Share 15 6 12 7 20 10 19 11 The four-firm concentration ratio for this industry is ☐ (Enter your response as an integer.) The Herfindahl-Hirschman Index (HHI) for this industry is (Enter your response as an integer.) Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concentrated? OA. Concentrated because the four-firm concentration ratio is over 60. OB. Moderately concentrated because the HHI is below 1,800. C. Unconcentrated because the four-firm concentration ratio is under 90. D. Mildly concentrated because the HHI is under 2,000.
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