Text: Use the following to answer questions (14) through (18):
Suppose the market for aluminum consists of 5 firms, with the following production amounts:
[14] Firm 1's market share equals:
A. 100
B. 50
C. 20
D. None of the above
[15] The 3-firm concentration ratio equals:
A. 400
B. 80
C. 40
D. None of the above
[16] The 5-firm concentration ratio equals:
A. 400
B. 80
C. 40
D. None of the above
[17] The Herfindahl-Hirschman Index equals:
A. 2000
B. 2600
C. 3350
D. None of the above
[18] Solely based on the 1982 merger guidelines of the Department of Justice, if firms 3 and 4 were to merge (with the production amount of the merged firm being 100), while the other three firms maintained their production amounts as indicated in the table above, then the Department of Justice's response would be to permit the merger.
A. True
B. False
Firm 1 2 3 4 5
Production 100 200 50 50 100