Compute the N-firm

Compute the N-firm

Economics assignment The assignment is needed by 15th September by 5pm (10 Marks) The Concentration Ratio and Herfindahl Index. The figure below shows the Australian mortgage lending market share in 2007 and 2014: (a) (2 marks) Compute the N-firm Concentration Ratio, CR(N), for N = 1, 2, 3, and 4 for the Australian residential mortgage market in 2007. (b) (2 marks) Compute the N-firm Concentration Ratio, CR(N), for N = 1, 2, 3, and 4 for the Australian residential mortgage market in 2014. (c) (2 marks) Show that the Herfindahl Index for the Australian residential mortgage market in 2007 is between 7.7% and 13.1%. (d) (2 marks) Show that the Herfindahl Index for the Australian residential mortgage market in 2014 is between 14.8% and 18.3%

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