Mathematics, 16.11.2020 18:10 kevinvalencia01

An industry consists of three firms with sales of $380,000, $805,000, and $425,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer.
b. Calculate the four-firm concentration ratio (C4).
c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $380,000 and $425,000?

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An industry consists of three firms with sales of $380,000, $805,000, and $425,000. a. Calculate th...

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