An industry has five firms. Each of four firms in the industry has a market share of

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An industry has five firms. Each of four firms in the industry has a market share of 22 percent, and the last firm has a market share of 12 percent. Calculate the Herfindahl index and four-firm concentration ratio for the industry.
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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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