a. Calculate the HHI and C4 indices Jfor the wholesale book and retail book markets. N b. If the current wholesale market price for a book is 50% the list price, what is the profit margin for the 11 book wholesalers? N Would the HHI for the wholesale book market increase or decrease in the long- run? Explain. c. What is the profit margin for each of the 63 book retailers if the retail market price was 80% the list price (still assuming a wholesale market price of 50% of the list price)? N What would we expect to see happen in the retail book market in the long-run? d. If Baker and Taylor merged with Bookazine, what would the change in HHI be for the wholesale book market?I N Do you think the U.S. government would approve this merger? Explain