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The following table provides hypothetical sales data for 10 firms that make up the television industry.

Ignoring the fact that these companies are from different countries, calculate the four-firm concentration ratio and the Herfindahl-Hirschman index (for the 10 firms) from this data. (Don’t forget the H index is a %.) Show your work. Does this industry seem to be very concentrated at the international level? Explain.

Brand

Sales millions of $

Zenith

25

Magnavox

15

Sony

38

Mitsubishi

22

Philips

12

RCA

15

Panasonic

24

Samsung

28

Hitachi

10

Motorola

8

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