Suppose each of the 50 states in the United States had only one gasoline station, and...

Suppose each of the 50 states in the United States had only one gasoline station, and all stations were the same size (sales were the same in each gas station).

(a) Please calculate the four-firm concentration ratio for the state of New York and show your calculations.

(b) Please calculate the four-firm concentration ratio for the entire country and show your calculations.

(c) Please calculate the Herfindahl-Hirschman index for the state of New York and show your calculations.

(d) Please calculate the Herfindahl-Hirschman index for the entire country and show your calculations.

Expert Solution

Rahul Sunny answered 2 years ago

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