Answered
Given the information in the table below,calculate (a)the concentration ratio;and (b)the Herfindahl-Hirschman index.
Percent of Firm Sales 12622031441351067758292101‾100%\begin{array}{l}\text { Percent of }\\\begin{array} { c c } \text { Firm } & \text { Sales } \\1 & 26 \\2 & 20 \\3 & 14 \\4 & 13 \\5 & 10 \\6 & 7 \\7 & 5 \\8 & 2 \\9 & 2 \\10 & \underline{1} \\& 100 \%\end{array}\end{array} Percent of Firm 12345678910 Sales 262014131075221100%
On May 28, 2024