An Industry Is Made Up of 8 Firms with the Following

question 16

Multiple Choice

An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. The firms with 8 and 7 percent market share are proposing to merge. What is the new Herfindahl-Hirschman index if the merger takes place?

• A) 225
• B) 1462
• C) 1692
• D) 1804

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Definitions:

Spoliation

The intentional, reckless, or negligent withholding, hiding, altering, or destroying of evidence relevant to a legal proceeding.

Sanctions

are penalties or other measures imposed against individuals, organizations, or countries to compel compliance with laws or regulations, often used in international relations.

Summary Judgment

A legal determination made by a court without a full trial, typically ruling that no material facts are in dispute and that one party is entitled to judgment as a matter of law.

Pleadings

Formal statements made by the plaintiff and the defendant in a lawsuit that detail the facts, allegations, and defenses involved in the litigation; the complaint and answer are part of the pleadings.