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The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 10, 8, 7, 7, 6, 6, 6, 6, and 6. The Herfindahl index is and the four-firm concentration ratio is . Group of answer choices 932; 48 percent 1,032; 27 percent 1,000; 48 percent 950; 24 percent none of the above
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The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 1...
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