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Suppose that a market consist of eight firms. The largest firm controls 60% of the market sales and the second largest firm, 10%. The remainder

Suppose that a market consist of eight firms. The largest firm controls 60% of the market sales and the second largest firm, 10%. The remainder of firms share equal market share. Calculate the CR4 ii) Calculate the CR 6 iii) Calculate the HHI iv ) Calculate the change in the HHI if any of the smallest two firms merge. Would you be in favour of the merger? Substantiate your

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