An industry has five firms, each with a market share of 20 percent. There is no

Question

An industry has five firms, each with a market share of 20 percent. There is no foreign competition, entry into the industry is difficult, and no firm is on the verge of bankruptcy. If two of the firms in the industry seek to merge, this action would most likely be opposed by the government because the for the industry is:


A. 2000 and the merger would increase the index by 500
B. 2000 and the merger would increase the index by 800
C. 2500 and the merger would increase the index by 500
D. 2500 and the merger would increase the index by 1200

Explanation / Answer

2000

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