Essay
The widget industry is comprised of six firms of varying sizes.Firm 1 has 35 percent of the market.Firm 2 has 25 percent,and the remaining firms have 10 percent each.What is the Herfindahl-Hirschman index for the widget 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 firms 5 and 6?
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Before the merger,HHI = 10,000[(.35)2 + (...View Answer
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