Suppose the two industries exhibit the following market, Operation Management

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Suppose the two industries exhibit the following market

Suppose the two industries exhibit the following market shares for firms:?

Industry A Industry B

Firm 1 26% 25%

Firm 2 23% 23%

Firm 3 22% 22%

Firm 4 10% 17%

Firm 5 7% 13%

Firm 6 5%

Firm 7 3%

Firm 8 2%

Firm 9 1%

Firm 10 1%

a. Calculate the three firm concentration ratio and interpret

b. Calculate the Her find all Index and interpret

c. Which industry is the most competitive? Explain.

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