An industry consists of three firms with sales of $205,000, $745,000, and $305,000. a. Calculate the Herfindahl-Hirschman index (HHI) Instruction: Enter your response rounded to the nearest integer b. Calculate the four-firm concentration ratio (C4) Help O Yes O No Save & Eat c. Based on the FTC and DOJ Horizontal Merger Guidelines described 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?
