Mergers of firms in an industry tend to:
a) Transform monopolistic competition into a pure competition.
b) Transform monopolistic competition into an oligopoly.
c) Reduce the Herfindahl index for the industry.
d) Break up an oligopoly.

Question

Mergers of firms in an industry tend to:
a) Transform monopolistic competition into a pure competition.
b) Transform monopolistic competition into an oligopoly.
c) Reduce the Herfindahl index for the industry.
d) Break up an oligopoly.

Mergers of firms in an industry tend to:

a) Transform monopolistic competition into a pure competition.

b) Transform monopolistic competition into an oligopoly.

c) Reduce the Herfindahl index for the industry.

d) Break up an oligopoly.

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Mergers of firms in an industry tend to: a) Transform monopolistic competition into a pure competition. b) Transform monopolistic competition into an oligopoly. c) Reduce the Herfindahl index for the industry. d) Break up an oligopoly.