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Use the following table of market share for the companies in the Sprocket industry for the next three questions: Firm Market Share Horace 15% Raul
Use the following table of market share for the companies in the Sprocket industry for the next three questions: Firm Market Share Horace 15% Raul 25% Daphne 20% Roquefort 23% Cannonade 17%
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
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