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An industry is composed of Firm 1, which controls 70 percent

Paper help Economics An industry is composed of Firm 1, which controls 70 percent

Economics

An industry is composed of Firm 1, which controls 70 percent

An industry is composed of Firm 1, which controls 70 percent of the market,Firm 2 with 15 percent of… Show more An industry is composed of Firm 1, which controls 70 percent of the market,Firm 2 with 15 percent of the market, and Frm 3 with 5 percent of the market. About 20 firs of approximately equal size divide the remaining 10 percent of the market. Calculate the Herfindahl-Hirschman Index before and after the merger of Firm 2 and Firm 3 (assume that the combined market share after the merger is 20 percent). Would you view a merger of Fir m2 with Firm 3 as procompetitive or anticompetitive? Explain. • Show less

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