Refer to the Data

question 1

Multiple Choice

Refer to the data. If Firm C merged with Firm D, the industry's four-firm concentration ratio would ____ and its Herfindahl index would ____.

• A)rise; rise
• B)fall; rise
• C)remain the same; rise
• D)remain the same; fall

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Definitions:

Massive Corporations

Large-scale businesses or companies that operate in multiple countries, often having significant influence on the global economy.

Unions

Organizations formed by workers from related fields who join together to advocate for better working conditions, wages, and benefits.

Meatpacking Industry

A sector that involves the slaughtering, processing, packaging, and distribution of animals such as cattle, pigs, and chickens.