The market for lemonade on a hot summer day is comprised of many buyers and four people. The market share of each is given in the table below. Maximus 25% Theodore 25% Eli 25% Eliza 25% What is the HHI in this market? Your Answer: The market for lemonade on a hot summer day is comprised of many buyers and four people. The market share of each is given in the table below. Maximus 25% Theodore 25% Eli Eliza 25% 25% What is the HHI if Maximus and Theodore merge? Your Answer: What quantity should the firm in the following example choose according to the Rational Rule for Sellers if MC = $4? Your Answer: Assume the marginal cost of producing this good is $4. What price should the firm charge for the quantity they produce? Your Answer: