Calculate the herfindahl- hirschman index value

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Suppose you are given the following market participants and their respective market shares. Calculate the Herfindahl- Hirschman Index value and the CR4 and CR6 values. Note: The market shares below are hypothetical and should not be cited in any paper you write in a future business class. General Motors = 24% Toyota = 20% Ford = 16% Honda = 12% Chrysler = 10% BMW = 7% Hyundai = 5% Nissan = 3% Volkswagen = 2% Suzuki = 1%

Reference no: EM13220833

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