The following table illustrates the distribution of retail grocery sales in the Huntsville, AL...

Question

The following table illustrates the distribution of retail grocery sales in the Huntsville, AL market: Retailer Market Share (%) Kroger 37 Wal-Mart 28 Food Lion 12 Piggly Wiggly 8 IGA 7 The rest 4 each a) Compute the four-firm concentration ratio (CR4). 2 b) Compute the eight-firm concentration ratio (CR8). c) Compute the Herfindahl (H) index.

David · Accepted Answer

2. The following table illustrates the distribution of retail grocery sales in the Huntsville, AL market: 
Retailer Market Share (%) 
Kroger 37 
Wal-Mart 28 
Food Lion 12 
Piggly Wiggly 8 
IGA 7  
The rest-  4 each.
We prepare the market share ratio of each of the 9 firms as follows –  
Firm 
Market 
share 
Market 
share^2 
Kroger  0.37 0.

The following table illustrates the distribution of retail grocery sales in the Huntsville, AL market: Retailer Market Share (%) Kroger 37 Wal-Mart 28 Food Lion 12 Piggly Wiggly 8 IGA 7 The rest 4...

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