Question the information below shows the percentage of, Ask an Expert

Economics

Question: The information below shows the percentage of total sales (market sales) for each firm in the health care industry:

Firm	Percentage of sales
1	35
2	10
3	25
4	3
5	4
6	18
7	2
8	3

a) what is the 4 firm concentration ratio; is the market concentrated?

b) If firm 1 and firm 6 where to merge, recalculate the concentration ratio. Is the market more or less concentrated?

c) using the initial data calculate the Herfindl-Hirschman Index (HHI). Is the market concentrate? Why?

d) If firm 2 and firm 3 merge, what is the new HHI? Would the department of justice challenge the merger? Why?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93131720

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