An industry has only four firms, who have market shares of 45 ...

[Jramos095]

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]

Answer to Question 1

The Herfindahl-Hirschman Index is 3,150.

Answer to Question 2

TRUE

[Jramos095]

Excellent

[parker125]

Great answer, keep it coming