In both industry C and industry D, there are only four firms. Each of the four firms in industry C has a 25 percent market share. The four firms in industry B have market share of 80, 10, 5, and 5 percent, respectively. Calculate the Herfindahl-Hirschman Index for each industry.
32. In both industry C and industry D, there are only four firms. Each of the four firms in industry C has a 25 percent market share. The four firms in industry B have market share of 80, 10, 5, and 5 percent, respectively. Calculate the Herfindahl-Hirschman Index for each industry.
c. The HHI index in Industry C is 5,200. The HHI index for Industry D is 2,550.
a. The HHI index in Industry C is 5,500. The HHI index for Industry D is 6,250.
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b. The HHI index in Industry C is 2,500. The HHI index for Industry D is 6,550.