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An industry consists of three firms with sales of $350,000, $600,000, and $750,000. a. Calculate...

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Accounting

An industry consists of three firms with sales of $350,000, $600,000, and $750,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $350,000 and $750,000?

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