Five firms split the market evenly
{"Image DocumentName": "Five firms split the market evenly", "Image ImageDescription": "Can two firms merge? They would contribute 40 40=1600 instead of 2 20 20=800. The Herfindahl would increase by 800. The result would be H = 2,800, which is highly concentrated. The merger is presumed to be likely to enhance market power, and the firms must show otherwise.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}