Six-firm concentration ratio-herfindahl-hirschman index

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Reference no: EM1371539

Suppose the market shares of the six largest firms in the industry are 12 percent each. Compute the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.

Reference no: EM1371539

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