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Suppose Town A and Town B each have four hospitals. The following table gives the bed size and output of each hospital. Based on this above information, what is the Herfindahl-Hirschman Index (HHI) for each town? Which market (Town A or Town B) is more concentrated? Does your answer depend on how you measure hospital market shares?
Hospital Town A Town B
Size Output Size Output
(#ofbeds) (Annual # of (#ofbeds) (Annual # of
Pt. discharge) Pt. discharge)
A 250 8,000 150 2,200
B 250 7,300 50 1,100
C 250 6,400 500 16,000
D 250 5,400 350 10,000
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