Final answer:
The steps for identifying the profit pools in an industry include calculating profits, using the average cost curve, explaining the shutdown point, and determining the price in the short run. The step that is NOT included is the near-monopolist driving up the HHI measure of industrial concentration.
Step-by-step explanation:
The steps for identifying the profit pools in an industry include calculating profits by comparing total revenue and total cost, identifying profits and losses with the average cost curve, explaining the shutdown point, and determining the price at which a firm should continue producing in the short run.
However, the step that is NOT included in the process of identifying profit pools in an industry is the near-monopolist in the second industry driving up the HHI measure of industrial concentration.