Business, 16.04.2020 02:05 gaby6951

The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 10, 8, 7, 7, 6, 6, 6, 6, and 6. The Herfindahl index is and the four-firm concentration ratio is .

a. 932; 48 percent
b. 1,032; 27 percent
c. 1,000; 48 percent
d. 950; 24 percent
e. none of the above

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The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 1...

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