Find the LCD for Each of the Following; Then Perform

question 137

Short Answer

Find the LCD for each of the following; then perform the indicated operation and reduce the answer to lowest terms.

---

Definitions:

Herfindahl Index

A measure of market concentration that is used to determine the amount of competition among firms within an industry.

Import Competition

The competition between domestic products and foreign products in a domestic market, affecting local industries.

Herfindahl Index

A measure of the concentration of industries or markets, calculated as the sum of the squares of the market shares of the largest firms, used to assess the extent of competition.

Concentration Ratios

measures that indicate the extent to which a small number of firms dominate the sales, output, or capacity in a particular market.