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faust18 [17]
1 year ago
11

In the market for bottled water, fresh springs has a 30 percent share of the market, swiss springs has a 27 percent share, l'eau

de france has a 13 percent share, and mountain water has a 10 percent share. the rest of the market consists of 20 firms with a 1 percent share of the market each. what is the value of the herfindahl-hirschman index
Business
1 answer:
saw5 [17]1 year ago
4 0

The value of the Herfindahl-Hirschman Index, calculated for the market for bottled water, is <u>2,298</u>.

<h3>What is the Herfindahl–Hirschman Index?</h3>

The Herfindahl–Hirschman Index, HHI, is a commonly accepted measure of market concentration and competitiveness.

The HHI is calculated by squaring the market share of each competing firm and then summing the resulting numbers.

<h3>Data and Calculations:</h3>

Product           Market Share     Squared Market Share

Fresh springs         30%                    900(30% x 30%)

Swiss springs         27%                    729 (27% x 27%)

L'eau de France      13%                    169 (13% x 13%)

Mountain water      10%                    100 (10% x 10%)

Rest of market       20%                   400 (20% x 20%)

Sum of squared market share =    2,298

Thus, the value of the Herfindahl-Hirschman Index is <u>2,298</u>, reflecting a low market concentration.

Learn more about the Herfindahl-Hirschman Index at Herfindahl-Hirschman Index at brainly.com/question/17180005

#SPJ1

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recruitment is the correct answer.

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Which of the following is NOT a factor in the phenomenon of online shoppers abandoning their shopping carts and not following th
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3 years ago
Suppose that a firm operating in perfectly competitive market sells 200 units of output at a price of $3 each. Which of the foll
miv72 [106K]

Answer:

The correct answer is option i.

Explanation:

A firm is operating in a perfectly competitive market.  

The firm is selling 200 units of output.  

The price of each unit of output is $3.  

In a perfectly competitive market, a single firm faces a horizontal line demand curve. This horizontal line represents demand, price line, average revenue, and marginal revenue.  

So if the price is $3, it implies that the marginal revenue and average revenue is also equal to $3.  

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marusya05 [52]

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EPS = $4.50

diluted EPS = $2.46

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no option is correct since EPS = $4.50, and the rest of the options are all higher amounts. Diluted EPS are always smaller than EPS.  

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