Assume there are 12 firms in an industry. the percentage of, Ask an Expert

Economics

Assume there are 12 firms in an industry. The percentage of total sales is given in the following table:

Firm Percentage of total sales
1 16
2 14
3 12
4 12
5 10
6 8
7 6
8 6
9 5
10 4
11 4
12 3

Calculate the HHI for this industry.

If firms 6 and 7 decide to merge, would this merger be challenged by the FTC? Why or why not?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9293637

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