Author Question: An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and ... (Read 86 times)

Jramos095 · **on:** Jun 29, 2018

An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and 10 percent. What is the Herfindahl-Hirschman Index?

What will be an ideal response?

Question 2

If house purchases and renting an apartment are substitutes, then an increase in the price of a new house results in a rise in the rent charged for apartments.

Indicate whether the statement is true or false

Harbringer · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

The Herfindahl-Hirschman Index is 3,150.

Answer to Question 2

TRUE

Jramos095 · **Reply 2 on:** Jun 29, 2018

YES! Correct, THANKS for helping me on my review

bassamabas

Wow, this really help

Author Question: An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and ... (Read 86 times)

Jramos095

An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and ...

Related Topics

Need homework help now?

Harbringer

An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and ...

Jramos095

bassamabas