Essay
The gadget industry is comprised of 10 firms,each with a 10 percent market share.What is the Herfindahl-Hirschman index for the industry?
Based on the U.S.Department of Justice Merger Guidelines described in the text,do you think the Justice Department would be likely to block a merger between two of the firms?
Correct Answer:
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HHI = 10,000[10(.10)2] = 1,000....View Answer
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