question archive Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are ( aspercentages of hamburgers sold): 23%, 22%, 18%, 12%, 11%, 8%, and 6%
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are ( aspercentages of hamburgers sold): 23%, 22%, 18%, 12%, 11%, 8%, and 6%
Subject:MathPrice: Bought3
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are ( aspercentages of hamburgers sold): 23%, 22%, 18%, 12%, 11%, 8%, and 6%. What is the four firm concentration ratio of the hamburger industry in this town?
| What is the herfindahl index for the hamburger industry in this town? |
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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? |
