An industry is comprised of four firms with sales of $23.3 million, $21.4 million, $22.2 million, and $23.0 million.What is the HHI?Do not round intermediate steps but do round your final answer to the nearest whole unit.

Group of answer choices

2,416

2,802

2,503

2,252

A merger is being considered between two firms in an industry with an HHI of 1,040.The merger will increase the HHI by 60.Which of the following statements is correct?

Group of answer choices

The industry is unconcentrated. The proposed merger will likely be allowed.

The industry is moderately concentrated. The proposed merger will likely be blocked.

The industry is unconcentrated. The proposed merger will likely be blocked.

The industry is unconcentrated. The proposed merger will likely be investigated.

1. The industry is moderately concentrated. The proposed merger will likely be allowed.