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Assume in there are 20 Halloumi Cheese producers in TR. Assume each of first 15 of them have 2% share while the remaining 5 have

Assume in there are 20 Halloumi Cheese producers in TR. Assume each of first 15 of them have 2% share while the remaining 5 have 14% share.

a) Calculate HHI for halloumi cheese in TR.

b) What will happen to HHI if a new company, AAA would buy the 15 companies, with 2% market share?

c) What will happen to HHI if AAA keeps the share it got in part b, and the remaining 5 companies merge in to two companies, with equal share

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