6 firms makeup most of an industry and have the following, Business Economics

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6 firms makeup most of an industry and have the following

6 firms makeup most of an industry and have the following market shares:

A 25

B 20

C 20

D 10

E 10

F 5

Firm C wants to acquire Firm F.

Calculate the Herfindahl-Hirschman Index (HHI), showing all work, given present market shares.

Calculate the Herfindahl-Hirschman Index (HHI), showing all work, assuming Firm C acquires Firm F.

Will the Department of Justice likely approve this acquisition?

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Business Economics: 6 firms makeup most of an industry and have the following

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Business Economics: 6 firms makeup most of an industry and have the following

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