Question: Firms A E D E Total Market Shares Year 1 Year 2 35% 50% 25% 25% 17.596 15% 12.5% 5% 10% 5% 100% 100% Year

Firms A E D E Total Market Shares Year 1 Year 2 35% 50% 25% 25% 17.596 15% 12.5% 5% 10% 5% 100% 100% Year 3 30% 25% 20% 15% 10% 100% Year 4 25% 25% 20% 20% 10% 100% Year 5 20% 20% 20% 20% 20% 100% Refer to the table shown. The industry's Herfindahl index in Year 1 was 2412.50 1000 1725 100

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