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An industry consists of three firms with sales of $ 2 2 5 , 0 0 0 , $ 4 8 5 , 0 0
An industry consists of three firms with sales of $ $ and $ a Calculate the HerfindahlHirschman index HHI Instruction: Enter your response rounded to the nearest integer. b Calculate the fourfirm concentration ratio C c Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $ and $ No Yes
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