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  1. business
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  3. exhibit 25-3 firms market share a 7%

Exhibit 25-3 Firms Market Share A 7% B 12% C 3% D 9% E 10% F 20% G 6% H 6% I 14% J 5% K 5% L 3% ​ Refer to Exhibit 25-3. The four-firm concentration ratio for this industry is a. 46 percent. b. 49 percent. c. 56...

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Question

Economics

Exhibit 25-3

Firms

Market Share

A

7%

B

12%

C

3%

D

9%

E

10%

F

20%

G

6%

H

6%

I

14%

J

5%

K

5%

L

3%

​

Refer to Exhibit 25-3. The four-firm concentration ratio forthis industry is

a.

46 percent.

b.

49 percent.

c.

56 percent.

d.

44 percent.

e.

This cannot be determined without further information.

Refer to Exhibit 25-3. The Herfindahl Index for this industry iscurrently

a.

10,000.

b.

840.

c.

1,980.

d.

1,330.

e.

1,110.

Refer to Exhibit 25-3. The Justice Department would considerthis industry to be

a.

concentrated, because the top four firms together control morethan 80 percent of the market share.

b.

concentrated, because there are fewer than 100 firms in theindustry.

c.

unconcentrated, because there is more than 1 firm in theindustry.

d.

unconcentrated, because the Herfindahl index is less than1,800.

e.

unconcentrated, because the Herfindahl index is more than1,800.

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