Fill This Form To Receive Instant Help
Homework answers / question archive / In a five firm industry
In a five firm industry. The top four firms have market shares of 40%, 20%, 18%, and 17.3%. Compute the Herfindahl-Hirschman index for the industry.
Hint 1: You will need to calculate the market share of the fifth firm first.
Hint 2: When calculating the HHI remember 10% market share is 10, not 0.10
Already member? Sign In