Questions: If there is only one firm in an industry the FFCR would equal Type your answer here % and the HHI would equal Type your answer here

If there is only one firm in an industry the FFCR would equal Type your answer here % and the HHI would equal Type your answer here
Transcript text: If there is only one firm in an industry the FFCR would equal Type your answer here \% and the HHI would equal Type your answer here
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Solution

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If there is only one firm in an industry, the FFCR (Four-Firm Concentration Ratio) would equal 100%, and the HHI (Herfindahl-Hirschman Index) would equal 10,000.

Explanation:

  1. FFCR (Four-Firm Concentration Ratio): This measures the market share of the four largest firms in an industry. If there is only one firm, it holds 100% of the market share. Therefore, the FFCR would be 100%.

  2. HHI (Herfindahl-Hirschman Index): This is calculated by squaring the market share of each firm in the industry and then summing the squares. If there is only one firm, its market share is 100%, so the HHI would be \(100^2 = 10,000\).

In summary, with only one firm in the industry, the FFCR is 100%, and the HHI is 10,000.

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