Market shares of all eight firms in an industry are 50, Ask an Expert

Economics

Market shares of all eight firms in an industry are 50 percent, 20 percent, 14 percent, 6 percent, 4 percent, 3 percent, 2 percent, and 1 percent. What is the Herfindahl index?

a. 502 + 202 + 142 + 62 + 42 + 32 + 22 + 12

b. 502 + 202 + 142 + 62

c. the sum of the market shares of the four largest firms

d. 902

e. 90

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M969311

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