The Herfindahl-Hirschman Index (HHI) will increase the most in an industry when a. one large firm merges

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The Herfindahl-Hirschman Index (HHI) will increase the most in an industry when

a. one large firm merges with another large firm.

b. one large firm merges with a small firm.

c. two small firms merge.

d. a large firm separates into two firms.

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