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Find HHI for the Widget Industry.

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Assume the Widget Industry is composed of the following firms with associated market shares:

Firm Market Share

A 37
B 20
C 10
D 5
E 3

The remaining market is served by about 100 small firms.

What is the HHI for the Widget Industry?

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https://brainmass.com/economics/international-economics/404978

Solution Preview

The Herfindahl-Herschman Index (HHI) measures the level of competitiveness in an industry. It is calculated ...

Solution Summary

This solution shows how to calculate the Herfindahl-Herschman Index, which measures the competitiveness of an industry.

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