An industry consists of three firms with sales of $205,000, $745,000, and $305,000.a. Calculate the 2 answers below »

/in /by

An industry consists of three firms with sales of $205,000, $745,000, and $305,000.a. Calculate the Herfindahl-Hirschman index (HHI).Instruction:Round to the nearest integer.b. Calculate the four-firm concentration ratio (C4).c. Based on the FTC and DOJHorizontal Merger Guidelinesdescribed in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $205,000 and $305,000?(Click to select)YesNo