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Suppose a small town has seven burger shops whose repective

Paper help Economics Suppose a small town has seven burger shops whose repective

Economics

Suppose a small town has seven burger shops whose repective

Suppose a small town has seven burger shops whose repective shares of the local hamburger market are… Show more Suppose a small town has seven burger shops whose repective shares of the local hamburger market are (as percentages of all hamburgers sold): 23%, 22%, 18%, 12%, 11%, 8% and 6%. What is the four-firm concentration raitio? What is the Herfindahl index for the hamburger industry in this town? 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? The four-firm concentration ratio would be: The Herfindahl index would be: • Show less

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