Captain Catahoula and Bow Wow Wonder are two of the four firms in the dog food industry. Before they notify the Federal Trade Commission and the Department of Justice of their plans to merge, Captain Catahoula hires you to determine the concentration of this industry. Use the table to calculate the Herfindahl-Hirschman Index (HHI) for this dog food industry and then complete the sentence. \begin{tabular}{|c|c|} \hline Firm & Industry \\ \hline Bow Wow Wonder & $10 \%$ \\ \hline Waggin' Tails & $30 \%$ \\ \hline Mongrel Munchies & $20 \%$ \\ \hline Captain Catahoula & $40 \%$ \\ \hline \end{tabular} What is the HHI for this dog food industry? HHI: 3192 Incorrect

Public Answer

CM8L6L The First Answerer