Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,055. Case's share of that market was 11 percent, while Fiat comprised just 5 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?