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    Market Structure

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    The pizza market is divided as follows:
    Pizza hut 20.7%
    Domino's 17.0
    Little Caesar's 6.7
    Pizza Inn 2.2
    Round Table 2.0
    All others 51.4

    a. How would you describe its market structure?
    b. What is the approximate Herfindahl index?
    c. What is the four-firm concentration ratio

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    https://brainmass.com/economics/microeconomics/market-structure-321094

    Solution Preview

    a. The market is pretty unconcentrated. 51.4% of the share is with the other companies. For ...

    Solution Summary

    The solution does a superb job of laying out step by step explanation to the problem. The solution is very well explained and uses detailed steps to explain the answer. The solution can be followed by anyone with a basic understanding of the concepts. Overall, an excellent response.

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