What will the hhi become if two firms merge, Microeconomics

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What will the hhi become if two firms merge

Problem

Assume there are initially 10 firms, each with a 10 percent market share.

a. What is the initial HHI?

b. What will the HHI become if two firms merge?

c. What will the HHI become if three firms merge?

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.

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