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There are 44 firms in a market with equal shares. Find the Herfindahl Hirschman Index (HHI). There are 5 firms with sales of firm 1

There are 44 firms in a market with equal shares. Find the Herfindahl Hirschman Index (HHI).

There are 5 firms with sales of firm 1 = $17 million, firm 2 = $11 million, firm 3 = $8 million, and the remaining two firms have $5 million each. Firm 1 and Firm 2 wish to merge. What is the new Herfindahl Hirschman Index (HHI)?

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