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The Gadget Industry Is Comprised of 10 Firms,each with a 10

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The gadget industry is comprised of 10 firms,each with a 10 percent market share.What is the Herfindahl-Hirschman index for the industry?
Based on the U.S.Department of Justice Merger Guidelines described in the text,do you think the Justice Department would be likely to block a merger between two of the firms?

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HHI = 10,000[10(.10)2] = 1,000....

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