MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 15.1, Problem 6Q
To determine

Find the highest Herfindahl index.

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How do we measure a four-firm concentration ratio? What does a high measure mean about the extent of competition?
The following table presents information on the production of five firms that produce all of the output in an industry. Firm A B с D E Output (units) 900 900 900 100 100 Instructions: Round your answers to two decimal places. a. What is the four-firm concentration ratio for this industry? b. What is the Herfindahl-Hirschman Index for this industry?
what is the Four-firm concentration ratio (CR4)? what is the  Herfindahl-Hirshman Index (HHI)? and how are they different?
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