Question: Please help to solve these two questions. Explanations are required Thanks! MCQ 1_ What is the SSNIP (Small but Signicant Non-transitory Increase in Price) test

Please help to solve these two questions.

Explanations are required

Thanks!

MCQ 1_ What is the SSNIP (Small but Signicant Non-transitory Increase in Price) test used for? (05 marks) It is a way to determine the relevant market It is a way to test if a price increase will affect welfare It is a way to test if firms are having economies of scale None of the above It is a way to test if firms are price discriminating 2. Which of the following statement is true? (Q5 marks) Firms in a highly concentrated market necessarily have a strong market power. lfa market is defined too broadly, then the estimated value of HHI would be too small. HHI is a direct measure of market power. If industryA has a higher CR4 than industry B, then industry A must have a higher HHI than industry B. None of the above

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