Industry A has market shares of 50, 30, and 20 . Industry B has market shares of 45, 40, and 15 . where si is the market shares of the i-th firm in the industry.
a. The Herfindahl index for A is 100.
b. The Herfindahl index for A is 3,800.
c. The Herfindahl index for B is 3,600
d. The Herfindahl index for A is greater than for B.
e. The Herfindahl index is for B is 4,000.
Question 2
Bid-rigging is more likely when
a. auctions are larger
b. auctions are infrequent
c. auctions generate different sets of potential bidders
d. the auctioneer is paid a fixed fee rather than on commission
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