Firm Market Share (%) A 50 B 25 C 12 D 10 E 3 Refer to the data. If Firm B merged with Firm C, the industry's four-firm concentration ratio would ____ and its Herfindahl index would ____.

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Chapter12: Price And Output Determination: Oligopoly
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Firm Market Share (%) A 50 B 25 C 12 D 10 E 3 Refer to the data. If Firm B merged with Firm C, the industry's four-firm concentration ratio would ____ and its Herfindahl index would ____.

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