Problem
Kiviaq is a little known regional delicacy served during the winter time and at celebrations near the arctic circle. While some people have found the taste (and smell) to be overpowering, a few exuberant companies have chosen to produce kiviaq for the masses so that the world may know its unique taste. The table below shows the market shares for kiviaq producers in Inuit territory. Use the data in the table to the left to calculate the Herfindahl-Hirschman Index (HHI) for the market for kiviaq. HHI: Based on the HHI calculated above, what kind of market does kiviaq have? Assume Siorapaluk and Ikuo propose a corporate merger because they think together they can make the best kiviaq the world will ever know. Calculate the new HHI if the merger were to occur. HHI: Assume Canadian parliament wants to review the merger. Upon scrutiny, this merger will likely be allowed and the world will get to experience the finest kiviaq in existance. this merger will likely not be allowed as the merger significantly reduces competition.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.