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Firm Market Concentration Home Depot 41% Lowe's 32% Store Chain A 12% Store Chain B 7% Store Chain C 5% Store Chain D 3% Let's
Firm Market Concentration Home Depot 41% Lowe's 32% Store Chain A 12% Store Chain B 7% Store Chain C 5% Store Chain D 3% Let's assume the market for home improvement is described in the table above. If Lowe's acquires "Store Chain D," what will the Department of Justice do? Group of answer choices Block ther merger, because mergers are never allowed in highly concentrated industries Block the merger, because the increase in the HHI has exceeded their standard for mergers Allow the merger, as long as it doesn't result in a monopoly Allow the merger, because the increase in the HHI has not exceeded their standard for mergers
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