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14-05-2021
Business

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What is the HHI for an industry where 8 firms each have a market share of 10%, 2 firms each have a market share of 5%, and 10 firms each have a market share of 1%

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ewomazinoade ewomazinoade

17-05-2021

Answer:

860

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

8(10²) + 2(5²) + 10(1²) = 800 + 50 + 10 860

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