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Suppose that the distribution of sales within an industry is as shown in the following table: FirmShare of Total Market Sales 17 12 12 10 10 All others 13 100% There are 13 All others in the industry in the above table, each of which has a share of sales equal to 1 percent. The value of the Herfindahl-Hirschman Index for this industry is -Enter your response as a whole number)
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Answer #1

Ans: The value of Herfindhal - Hirschman Index for this industry is 1028

Explanation :

HHI = (17)2 + (12)2 + (12)2 + (11)2 + (10)2 + (10)2 +(9)2 + (6)2 + (12× 13)

= 289 + 144 + 144 +121 + 100 + 100 + 81 +36 + 13

= 1028

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