Consider the data from Problem 27-11. Suppose that antitrust authorities have determined that there are separate relevant
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Consider the data from Problem 27-11. Suppose that antitrust authorities have determined that there are separate relevant markets for e-books and physical books. In addition, these authorities perceive that a monopoly situation exists that can be challenged on legal grounds if the value of the Herfindahl-Hirschman Index exceeds 5,000. On the basis of this criterion, do the antitrust authorities conclude that there are grounds for a legal challenge in either market? Explain.
In problem 27-11
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