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4) Consider an industry made up of 6 firms. The total revenue for firm 1 is $135. The total revenue for firm 2 is $125.
4) Consider an industry made up of 6 firms. The total revenue for firm 1 is $135. The total revenue for firm 2 is $125. The total revenue of the remaining four firms is $60 each. Consider a merger between firms 2 and 3. What are the premerger and postmerger HHI? What is the increase in the HHI as a result of the merger? Is this merger likely to be challenged? (10 possible points)
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