An industry consists of three firms with sales of $285,000, $615,000, and $310,000. 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 Departmen of Justice likely to attempt to block a horizontal merger between two firms with sales of $285.000 and $310,000? Yes

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