Why the firm is on the verge of bankruptcy

Reference no: EM13204574

An industry has five firms, each with a market share of 20 percent. There is no foreign competition, entry into the industry is difficult, and no firm is on the verge of bankruptcy. If two of the firms in the industry seek to merge, this action would most likely be opposed by the government because of what the industry is for?

Reference no: EM13204574

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