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Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $ 4 . 3 billion. Prior to the merger, the market
Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $ billion. Prior to the merger, the market for fourwheeldrive tractors consisted of five firms. The market was highly concentrated, with a HerfindahlHirschman index of Case's share of that market was percent, while Fiat compromised just percent of the market. If approved, by how much would the postmerger HerfindahlHirschman index increase?
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