Consider an industry with 7 firms whose market shares are, Ask an Expert

Economics

Consider an industry with 7 firms whose market shares are given in the following frequency:

market share 7%, number of firms 212% (2 firms), 16% (2 firms), 30% (1 firm)

a) Calculate the HHI for the industry! HHI=___

b) Suppose one of the firms with a 12% market share announces that it plans to buy one of the firms with a 7% market share. Calculate the post-merger HHI.

c) SUppose the 2 firms with a 7% market share announce plans to merge together. CPost merger HHI=_____

d) Suppose the firm with 30% market share announces plans to buy one of the firms with 12% market share. Post merger HHI=___

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91869895

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