What is the approximate herfindahl index

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1. Which industry is more highly concentrated: one with a Herfindahl index of 1,200 or one with a four-firm concentration ratio of 55 percent?

2. The pizza market is divided as follows:

a. How would you describe its market structure?

b. What is the approximate Herfindahl index?

c. What is the four-firm concentration ratio?

Reference no: EM131401762

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