Please provide throughout expalanation

Question 2 [10 points] According to a state justice department: if Entropy coefcient (E) E

Question 2 [10 points] According to a state justice depaltment: if Entropy coefficient (E) E < 1.51, there is higher competition in the market place; the market is moderately concentrated if 1.51 E < 2.51and; if E > 2.51 the market is highly concentrated. The following table shows the hypothetical infonnation on food product industry (based on gross output) in 2020. Indus Finn 1 Finn 2 Finn 4 Total ou ut($) 200 190 185 180 150 1145 A. Use the infonnation to calculate, with two decimals. i) ii) iii) Gini coefficient [1.5 points] Hannah-Kay index (u=l. 8) [1.5points] Entropy coefficient [ 2 points]