There are 10 firms of equal size in an industry. If 2 of the firms merge, (a)
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There are 10 firms of equal size in an industry. If 2 of the firms merge,
(a) find the new concentration ratio;
(b) find the new Herfindahl–Hirschman index.
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Answer a To find the new concentration ratio after two firms merge we need to determine the combined ...View the full answer
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