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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?
At the mall, there are 29 identically sized shoe stores. What is the Herfindhal index?
Expert's answer
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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