Assume the market shares of the six largest firms in an industry are 12 percent each. Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.© BrainMass Inc. brainmass.com October 9, 2019, 11:45 pm ad1c9bdddf
The Six - firm concentration ratio and the Herfindahl-Hirschman index are calculated (with step by step instructions). A discussion on the degree of concentration is also included in the solution.