Business, 20.11.2019 23:31 davisnaziyahovz5sk

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%, 26%, 23%, 11%, 7%, 4%, and 2%.instructions: enter your answers as whole numbers. a. what is the four-firm concentration ratio of the hamburger industry in this town? %.b. what is the herfindahl index for the hamburger industry in this town? .c. if the top three sellers combined to form a single firm, what would happen to the four-firm concentration ratio and to the herfindahl index? the four-firm concentration ratio would be %. the herfindahl index would be .

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Suppose that a small town has seven burger shops whose respective shares of the local hamburger mark...

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