In both Industry C and Industry D, there are only four firms. Each of the four firms in Industry C h
Question: In both Industry C and Industry D, there are only four firms. Each of the four firms in Industry C has a 25% market share. The four firms in Industry D have market shares of 80, 10, 5, and 5%, respectively.
a. Calculate the three-firm and four-firm concentration ratios for each industry
b. Calculate the Herfindahl-Hirschman Index for each industry.
c. Are these industries equally concentrated? Briefly explain your answer.
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