Compute hhi for the industry if firms 6 and 7 decide to

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Reference no: EM13396492

Suppose there are 12 firms in an industry. The percentage of total sales is given in the following table:

Firm	Percentage of total sales
1	16
2	14
3	12
4	12
5	10
6	8
7	6
8	6
9	5
10	4
11	4
12	3

A) Calculate the HHI for this industry.

B) If firms 6 and 7 decide to merge, would this merger be challenged by the FTC? Why or why not?

Reference no: EM13396492

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