An industry has the following market structere breakdown of the individual firm's perecnt share of revenue within the industry

25%, 22%, 16%, 13%, 10% 9%, 5%

A) What is the firm firm concentration ratio fo this industry?

B) What is the HHI fo this industry?

C What would be the change in the 4-frim ratio and HHI index if the three (3) largest firms merged?

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