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Solve clearly explanation is more important Don't copy. Question 11 (10 points) Suppose the market for gladdles (a fictitious good) is currently supplied by 6

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Question 11 (10 points) Suppose the market for gladdles (a fictitious good) is currently supplied by 6 firms, producing the following quantities: q1 = 40 q2 = 50 q3 = 60 q4 = 60 q5 = 60 q6 = 70 Based on the DOJ/FTC's Horizontal Merger Guidelines, how would we characterize this market's level of concentration? OUnconcentrated Moderately Concentrated Highly Concentrated Insanely Concentrated

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