Given the Market Share Information in the Table Below,calculate the Four

question 8

Essay

Given the market share information in the table below,calculate the four firm concentration ratio and the Herfindahl index. $$\begin{array} { | c | c | } \hline \text { Firm Number } & \text { Market Share (\%) } \\\hline 1 & 35 \\\hline 2 & 25 \\\hline 3 & 15 \\\hline 4 & 15 \\\hline 5 & 10 \\\hline\end{array}$$

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