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Author Question: An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and ... (Read 92 times)

Jramos095

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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


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Harbringer

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The Herfindahl-Hirschman Index is 3,150.

Answer to Question 2

TRUE


Jramos095

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
:D TYSM

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