Homework SourseThe table below shows recent worldwide market shares of prod
The table below shows recent worldwide market shares of producers of inkjet printers Brother Canon Dell Epson Hewlett-Packard Lexmark Samsung Other Share of Worldwide Market Sales 5% 15 6 18 41 13 The value of the Herfindahl-Hirschman index for the industry is(Enter your response as a whole number.) 
Solution
Herfindahl-Hirschman index is calculated by summing the sqare of the market share of the firms. So, in this case, the Herfindahl-Hirschman index = (5)2 +(15)2+(6)2 +(18)2+(41)2 +(13)2+(1)2 +(1)2 = 25 + 225 + 36 + 324 + 1681 + 169 + 1 + 1 = 2462
