18. A student in a managerial economics class calculated the four-firm concentra
ID: 1180083 • Letter: 1
Question
18. A student in a managerial economics class calculated the four-firm concentration ratio and HHI for industries A and B. What is the proper conclusion she can draw from the following findings?
The market power of firms in industry A is greater than that in industry B. Neither industry is perfectly competitive. C4 is higher for industry A while the HHI is higher for industry B. This inconsistency must be due to a calculation error. Industry B is a monopoly.A student in a managerial economics class calculated the four-firm concentration ratio and HHI for industries A and B. What is the proper conclusion she can draw from the following findings?
Explanation / Answer
Neither industry is perfectly competitive.-----correct answer-------------100% sure
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