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An industry consists of six firms with market shares of 40, 30, 15, 5, 5and 5 percent, respectively, and the smallest three firms merge. According

An industry consists of six firms with market shares of 40, 30, 15, 5, 5and 5 percent, respectively, and the smallest three firms merge. According to the1982merger guidelines,would this horizontal merger be challenged?How about today, would it be challenged?Explain your reasoning.

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