Problem
An industry has the following market structere breakdown of the individual firm's perecnt share of revenue within the industry
25%, 22%, 16%, 13%, 10% 9%, 5%
i. What is the firm firm concentration ratio fo this industry?
ii. What is the HHI fo this industry?
iii. What would be the change in the 4-frim ratio and HHI index if the three largest firms merged?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.