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Suppose a market is comprised of 5 firms. Firms A & B each have 35% market share and firms C,D, and E each have 10%

Suppose a market is comprised of 5 firms. Firms A & B each have 35% market share and firms C,D, and E each have 10% market share.

The HHI for the market described above is equal to?

In terms of concentrations, this market is?

If firms A and C merge, the HHI is equal to?

If firms C and D merge, the HHI is equal to?

A proposed merger between firms A and C is to be challenged.

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