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The four-firm concentration ratios for industries X and Y are 80 percent and 61 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 3,700 and 2,100. The Dansby-Willig performance index for industry X is 0.68, while that for industry Y is 0.75.
Based on this information, which would lead to the greatest increase in social welfare: a slight increase in industry X's output, or a slight increase in industry Y's output?
-A slight increase in industry Y's output.
-A slight increase in industry X's output.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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