Answer to Question #92466 in Microeconomics for ANKUSH

Question #92466
At the mall, there are 30 identically sized shoe stores. What is the four-firm concentration ratio?
At the mall, there are 29 identically sized shoe stores. What is the Herfindhal index?
1
Expert's answer
2019-08-12T09:50:40-0400

The four-firm concentration ratio is 100% since all the shoe stores are of the same size

This is a perfectly competitive market so the HHI is approaching zero


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