Business, 09.12.2019 22:31 webbjalia04

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 23%, 22%, 18%, 12%, 11%, 8%, and 6%. instructions: enter your answers as whole numbers. a. what is the four-firm concentration ratio of the hamburger industry in this town? %. b. what is the herfindahl index for the hamburger industry in this town? . c. if the top three sellers combined to form a single firm, what would happen to the four-firm concentration ratio and to the herfindahl index? the four-firm concentration ratio would be %. the herfindahl index would be

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Suppose that a small town has seven burger shops whose respective shares of the local hamburger mark...

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