Below you can nd market shares of major beer producers in the USA in early 20005. Bud Light (36.8%) Coors Light (19.1%) Miller Lite (18.5%) Natural Light (9.2%) Busch Light (6.1%) Michelob Light (3.3%) Keystone Light (2.6%) Milwaukee's Best Light (2.3%) Old Milwaukee Light (0.8%) Miller Genuine Draft Light (0.7%) The total light beer sales in 2000 amounted to 87 million barrels. a) Find the concentration ratio (a \"big four\" index) for the beer industry in the USA. b) Find the HHI index for this industry (you can use calculator). b) Using your HHI index assess whether this industry is perfectly competitive or oligopolistic (concentrated). Why? 0) In your opinion how would Federal Trade Commission react to a merger proposal by Bud Light and Coors Light? Why