The woodworking market consists of 66 large companies that equally share 57% of the market, 12 medium companies that equally share 33% of the market, and 10 small companies that equally share 10% of the market. Demand in the market declines, resulting in the following changes: 1010 small companies close, and 10 medium companies merge into one large new company with a market share of 28%. The 6 original large companies in the market preserve their initial market shares. Medium companies that did not participate in the merger share the rest of the market equally, although their market shares have changed. Calculate the difference in the HHI values before and after the decrease in demand.
The woodworking market consists of 66 large companies that equally share 57% of the market, 12 medium companies that equally share 33% of the market, and 10 small companies that equally share 10% of the market.
Calculate the difference in the HHI values before and after the decrease in demand.
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