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Please see attached screen shot. An industry consists of three firms with sales of $175,000, $555,000, and $205,000. a. Calculate the Herndahl-Hirschman index (HHI). Instruction:

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An industry consists of three firms with sales of $175,000, $555,000, and $205,000. a. Calculate the Herndahl-Hirschman index (HHI). Instruction: Enter your response rounded to the nearest integer. |:| b. Calculate the four-firm concentration ratio (C4). 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 $175,000 and $205,000? A 1 _ 1 Yes A NO

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