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Refer to Exhibit 26-3. If Firms J, K, and L were to merge, the four-firm concentration ratio would ____________________ and the Herfindahl Index would _____________________.

a. rise to 59 percent; rise to 1,212
b. rise to 28 percent; rise to 10,000
c. rise to 50 percent; rise to 1,062
d. not be affected; not be affected
e. rise to 60 percent; fall to 986

User Cocoa
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1 Answer

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Answer:

A

Step-by-step explanation:

See attached file

User Max Ogden
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