Ask Question
BusinessBusiness
2 May, 16:12

There are ten firms in an industry. Five of the firms each have a market share of 12 percent and five of the firms each have a market share of 8 percent. The Herfindahl index is Group of answer choices 1,000. 1,040. 100. 920. none of the above

+5
Answers (1)
  1. 2 May, 17:41
    0
    1,040

    Explanation:

    The Herfindahl index is an index that is used to measure the size of firms in relation to the industry and it also shows the level of competition among the firms in the industry. The Herfindahl index is also known as Herfindahl-Hirschman Index (HHI).

    The Herfindahl index is calculated by summing the square of the market share of all firms in the industry. For this question, it can be calculated as follows:

    Herfindahl index = (12^2 * 5) + (8^2 * 5) = 720 + 320 = 1,040.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “There are ten firms in an industry. Five of the firms each have a market share of 12 percent and five of the firms each have a market share ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,460 101 2,870 104 5,260 108 5,950 Indirect 18,440 111 3,630 115 2,380 117 16,120 Journalize the entry to record the factory labor costs.
Answers (1)
In a transaction between merchants, the additional proposed terms automatically become part of the contract unless a. they materially alter the original contract b.
Answers (1)
Joe and rich are both considering investing in a project that costs $25,500 and is expected to produce cash inflows of $15,800 in year 1 and $15,300 in year 2. joe has a required return of 8.5 percent but rich demands a return of 12.5 percent.
Answers (1)
Apakah 5 adat dalam masyarakat yang bertentangan degan ajaran islam?
Answers (1)
If a Starbucks vanilla latte costs $5 in Seattle and 4 euros in Paris, what must the exchange rate be if purchasing power parity holds? a) 4 euros per dollar b) 0.80 euros per dollar c) 1.25 euros per dollar d) 20 euros per dollar
No Answers
New Questions in Business
Which would you use to determine how much money you have left over to save each month
Answers (1)
Ivory Fast Delivery Company, an accrual basis taxpayer, frequently has claims for damages to property the company delivered. Often the claim is not filed until a month after the delivery.
Answers (1)
What group is responsible for stepping in to prevent a bank run? banking regulators like the Fed the bank's depositors the bank's owners the state government where the bank is located
Answers (1)
Pasadena Candle Inc. projected sales of 800,000 candles for the year. The estimated January 1 inventory is 35,000 units, and the desired December 31 inventory is 20,000 units. Prepare a production budget report in units for Pasadena Candle Inc.
Answers (1)
Which is not a situation where ones credit svore may be used
Answers (1)
Home » Business » There are ten firms in an industry. Five of the firms each have a market share of 12 percent and five of the firms each have a market share of 8 percent. The Herfindahl index is Group of answer choices 1,000. 1,040. 100. 920. none of the above
Sign Up Forgot Password?