(Answered) An industry consists of six firms and the annual revenues

Economics

An industry consists of six firms and the annual revenues (in million dollars) for these firms are as follows: $35, $20, $25, $15, $12, and $8. Compute the four-firm concentration ratio (CR4) and the Herfindhal-Hirchman index (HHI) for this industry. What is your conclusion regarding the market structure of the industry?

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Macroeconomics, Economics

Category:- Macroeconomics
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