Use the following table of market share for the companies in the Sprockett industry:

Firm Market Share

Horace 15%

Raul 25%

Daphne 20%

Roquefort 23%

Cannonade 17%

24. What is the current Hirfindahl-Hirschmann Index for the Sprockett industry?

A. 0.2068 B. 2,068 C. 10,000 D. 1,764 E. None of the above

25. Suppose that Horace and Raul merge. What would be the new Herfindahl-Hirschmann index for the industry? A. 2,818 B. 10,000 C. 6,018 D. 1,618 E. None of the above

26. Suppose that instead of merging with Raul, Horace merges with Cannonade. What would be the new Hirfindahl-Hirschmann index for the industry?

A. 2,578 B. 10,000 C. 2,867 D. 3,379 E. None of the above