Calculate the four-firm concentration ratio

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Reference no: EM13743125

An industry consists of three firms with sales of $310,000, $725,000, and $405,000.

a. Calculate the Herfindahl-Hirschman index (HHI).

Instruction: Round to the nearest integer.

b. Calculate the four-firm concentration ratio (C₄).

Reference no: EM13743125

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