Captain Catahoula and Bow Wow Wonder are two of the four firms in the dog food industry. Before they notify the Federal Trade Commission and the Department of Justice of their plans to merge, Captain Catahoula hires you to determine the concentration of this industry. Use the table to calculate the Herfindahl–Hirschman Index (HHI) for this dog food industry and then complete the sentence. Firm Industry Bow Wow Wonder 10% Waggin' Tails 34% Mongrel Munchies 16% Captain Catahoula 40% What is the HHI for this dog food industry? HHI:     You report that this industry is

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