Chapter15: Oligopoly And Strategic Behavior
Section: Chapter Questions
Problem 12P
Related questions
Question
| Firm | Market Share (%) |
|---|---|
| A | 40 |
| B | 30 |
| C | 20 |
| D | 5 |
| E | 5 |
Refer to the data. If Firm B merged with Firm E, the industry's four-firm concentration ratio would ____ and its Herfindahl index would ____.
Multiple Choice
-
rise; rise
-
fall; rise
-
remain the same; rise
-
remain the same; fall
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