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Business, 10.12.2019 02:31 Jackierose2004

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 27%, 26%, 21%, 12%, 8%, 4%, and 2%. instructions: enter your answers as whole numbers. a. what is the four-firm concentration ratio of the hamburger industry in this town? b. what is the herfindahl index for the hamburger industry in this town?

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Suppose that a small town has seven burger shops whose respective shares of the local hamburger mark...
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