48. There are 5 firms with sales of firm1=$19.0million, firm2=$11.0million, firm3=$6.0 million, and the remaining two firms have $4.0 million each. Firm1 and Firm2 wish to merge. What is the new Herfindahl Hirschman Index (HHI)? 34. There are 19.6 firms in a market with sales, Firm 1=$ 18.5, Firm 2= $14.1, Firm 3=$ 8.0, Firm 4= $11.1, Residual firms = $1.0 each, Find the numbers equivalent of firms
48. There are 5 firms with sales of firm1=$19.0million, firm2=$11.0million, firm3=$6.0 million, and the remaining two firms have $4.0 million each. Firm1 and Firm2 wish to merge. What is the new Herfindahl Hirschman Index (HHI)? 34. There are 19.6 firms in a market with sales, Firm 1=$ 18.5, Firm 2= $14.1, Firm 3=$ 8.0, Firm 4= $11.1, Residual firms = $1.0 each, Find the numbers equivalent of firms
Chapter1: Making Economics Decisions
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48. There are 5 firms with sales of firm1=$19.0million, firm2=$11.0million, firm3=$6.0 million, and the remaining two firms have $4.0 million each. Firm1 and Firm2 wish to merge. What is the new Herfindahl Hirschman Index (HHI)?
34. There are 19.6 firms in a market with sales, Firm 1=$ 18.5, Firm 2= $14.1, Firm 3=$ 8.0, Firm 4= $11.1, Residual firms = $1.0 each, Find the numbers equivalent of firms
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