-Suppose There Are Ten Firms That Occupy the Odell,Oregon Cherry

question 185

Essay

-Suppose there are ten firms that occupy the Odell,Oregon cherry pie market.The market share of each firm is listed in the above table.
a.What is the Herfindahl-Hirschman Index for this market?
b.If Firm H and Firm A merge,what is the new Herfindahl-Hirschman Index for this market?
c.A severe winter causes every firm except A,B,and E to close.With only these three firms operating,Firm A's market share is 71 percent,Firm B's market share is 23 percent,and Firm C's market share is 6 percent.What is the Herfindahl-Hirschman Index for this market now?

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Definitions:

Diagnostic Category

A diagnostic category is a classification in medical and psychological diagnoses that describes a particular disorder or group of related symptoms, facilitating effective communication and treatment.

Hysteric Disorders

Psychological disorders characterized by conversion of psychological stress into physical symptoms without an apparent physical cause.

Limbic System

A conceptual system controlling affective and motivated behaviors and certain forms of memory with key anatomy lying between the neocortex and brainstem; includes the cingulate cortex, amygdala, and hippocampus, among other structures.

Sigmund Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.