Business, 09.03.2021 05:50 mrwiggles675
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 24%, 24%, 20%, 12%, 9%, 6%, and 3%. Instructions: Enter your answers as whole numbers. a. What is the four-firm concentration ratio of the hamburger industry in this town? b. What is the Herfindahl index for the hamburger industry in this town?
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Suppose that a small town has seven burger shops whose respective shares of the local hamburger mark...
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