First blank options are 4,400, 2,000 4,000, 10,000 & 6,000 Secund blank options

Question

First blank options are 4,400, 2,000 4,000, 10,000 & 6,000

Secund blank options are rise, fail or remain the same

The Herfindahl index Suppose that three firms make up the entire tire manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. The Herfindahl index of this industry is . Suppose a new firm, Tread Tough, enters the tire manufacturing industry and immediately captures a 15% share of the market. This would cause the Herfindahl index for the industry to . The largest possible value of the Herfindahl index is 10,000 because: An industry with an index higher than 10,000 is automatically regulated by the Justice Department An index of 10,000 corresponds to a monopoly firm with 100% market share An index of 10,000 corresponds to 100 firms with a 1% market share each

Explanation / Answer

1) 4400

2) fall

3)an index of 10,000 corresponds to a monpoly firm with 100% market share

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.