Exploring Economics
8th Edition
ISBN: 9781544336312
Author: Sexton
Publisher: Cengage
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Question
Chapter 15, Problem 12P
To determine
(a)
To compute:
The HHI for the industry with the given percent of market shares.
To determine
(b)
To compute:
The HHI for the industry with the given percent of market merge.
To determine
(c)
To compute:
The HHI for the industry with the given percent of market merge.
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subject to X1
X2
Maximize dollars of interest earned = 0.07X1+0.11X2+0.19X3+0.15X4
≤ 1,000,000
<2,500,000
X3
≤ 1,500,000
X4
≤ 1,800,000
X3 +
XA
≥
0.55 (X1+X2+X3+X4)
X1
≥
0.15 (X1+X2+X3+X4)
X1
+ X2 X3 +
XA
<
5,000,000
X1, X2, X3, X4 ≥
0
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