Explore BrainMass
Share

Explore BrainMass

    What is the HHI for the Widget Industry?

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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

    Firm Market Share

    A 35
    B 20
    C 10
    D 7
    E 3

    The remaining market is served by about 100 small firms.

    What is the HHI for the Widget Industry?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:58 am ad1c9bdddf
    https://brainmass.com/economics/macroeconomics/what-is-the-hhi-for-the-widget-industry-486438

    Solution Summary

    This solution addresses the following HHI question with all calculations provided:

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

    Firm Market Share

    A 35
    B 20
    C 10
    D 7
    E 3

    The remaining market is served by about 100 small firms.

    What is the HHI for the Widget Industry?

    $2.19