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1. The following table shows the capacity ownership for an electricity market with ten firms. a. Calculate the HHI for this market. b. Based on

1. The following table shows the capacity ownership for an electricity market with ten firms. a. Calculate the HHI for this market. b. Based on the criteria defined in FERC's Merger Policy Statement, the market is unconcentrated when HHI1800. Determine the concentration status of this market. c. If Firm 1, 2,3, and 4 merge into one firm, which has all capacity of the four firms, determine the concentration status of the market after the merger. Be sure that you include enough supporting information that I can see how you made your calculations. Please round your answer to the nearest whole number

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