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AveGali [126]
4 years ago
6

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of al

l hamburgers sold): 27%, 25%, 21%, 12%, 8%, 5%, and 2%.a. What is the four-firm concentration ratio of the hamburger industry in this town?b. What is the Herfindahl index for the hamburger industry in this town?c. If the top three sellers combined to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index?

Business
1 answer:
kap26 [50]4 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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