Question: Question 1 Suppose an industry has 8 firms. The top four firms have market share of 15% each and rest of the firms have

Question 1 Suppose an industry has 8 firms. The top four firms have market share of 15% each and rest of the firms have market share of 10%. Four-firms' concentration ratio this industry is Question 2 Suppose an industry has 8 firms. The top four firms have market share of 15% each and rest of the firms have market share of 10%. This industry is classified as (based on Four-firms' concentration ratio) O Monopoly O Monopolistic Cm*tition Question 3 I pts I pts I pts Suppose an industry has 8 firms. The top four firms have market share of each and rest of the firms have market share of 10%. Herfindahl Index in this industry is O ISCO 0 12CO Question 4 Herfindahl Index is close to zero I pts market. O O mnopol&tic co m n opoly

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