00:01
Hello, friends, we are going to write here, use the data in the table given to calculate the herfindel, erickman, index for the us auto market.
00:10
So basically, this is our table for the ftc approve a merger between gm and ford.
00:16
So basically, if i write here for this, what would be the value of hhs? so this must be some square of marketing share.
00:28
Share we are going to write here for this this must be written as this must be written as if i write here for this form one share square so this is 19 square 19 square plus if i write here for this 17 square plus 14 square this must be 14 square then 11 square plus 10 square plus 10 square we are going to write here for this plus seven square plus six square six square we are going to write here for this this must be written as seven square and five square not six square this must be five square and this is four square plus three square and three square so let's erase this to make it more clear three square and three square so basically if i write here for this this must be written as 19 square is 361 361 if i write here for this this must be 289 this must be 289 so let's erase this to make it more clear if i write here for this this is 196 this must be 196 so if i write here this must be plus 196 plus 121 121 plus 100 plus 100 plus 49 plus 49 so let's erase this to make it more clear 49 plus 25 plus 16 plus we are going to write here 9 plus 9 so basically if i write here for this this is 1175 this must be 1175 so basically so this is the answer in the first case now we are going to write here hhi value for gm that must be equivalent to gm and ford this must be equivalent to 19 square plus 17 square that is equivalent to 361 so let's erase this to make it more clear this must be 361 plus 289 so basically if i write here for this this must be as 650 or 0 .065.
03:01
So finally we are going to write here for this as the hhi as the hhi value is, we are going to write here 1175 and for gm is, so let's erase this to make it more clear and for gm is, so let's erase this to make it more clear and for gm is gm and 4 is if i write here for this point 065 ftc if i write here for this would not ftc would not approve the merger approve the merger so let's erase this to make it more clear this must be written as approve the merger merger merger we are going to write here as the marketing, as the marketing seeing the competition, as the marketing, so let's erase this to make it more clear, seeing the, so this must be erased, so let's erase this, marketing, as the marketing, seeing the competition, seeing the competition, so basically basically if i write here for this, if i write here for this, this is our h .h .h .h .i.
04:38
So here in the question we are asked that harfindle hitchman index for us market.
04:44
So this is the value in this case...
