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Suppose that we have an industry consisting of five, equally-sized firms. Two of these firms want to merge. Based on the HMGLs, what would the

Suppose that we have an industry consisting of five, equally-sized firms. Two of these firms want to merge. Based on the HMGLs, what would the initial numerical screen by the DOJ or the FTC conclude? Be specific in your references to the HMGLs. Show all calculations

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