The structure of a firm can fail in similar ways to market failure.
Indicate whether the statement is true or false
Question 2
Whenever any firms in a concentrated industry merge, the four firm concentration ratio ___ and the Herfindahl-Hirschman Index ____:
a. Will rise; will rise.
b. Will rise; may rise or stay the same.
c. May rise or stay the same; will rise.
d. May rise or stay the same; May rise or stay the same.