Suppose that the most popular car dealer in your area sells

Homework Assistance Economics Suppose that the most popular car dealer in your area sells

Economics

Suppose that the most popular car dealer in your area sells

Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all oth… Show more Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area? In that same situation, what would the four-firm concentration ratio be? • Show less

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