2. There are 5 firms with sales of firm 1 = $5 million, firm 2 = $6 million, firm 3 = $15 million, and the remaining two firms have $6 million each. Firm 1 and Firm 2 wish to merge. How much does the Herfindahl Hirschman Index (HHI) change if the two firms are allowed to merge?
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Answer rating: 100% (QA)

Sales of firm 1 5 million Sales of firm 2 6 million Sales of firm 3 15 million Sales of the remainin... View the full answer