Decide whether the figure is convex or concave.
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Definitions:
Sherman Act
A landmark federal statute in the United States antitrust law passed in 1890 which prohibits monopolistic practices and promotes competition.
Horizontal Merger
A corporate strategy where two or more companies that produce similar products or services merge.
Competitor
An individual or company in the same industry or market that sells or provides similar products or services, thereby engaging in competition.
Concentration Ratio
The percentage share of industry sales by the four leading firms.
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