The four-firm conentration ratios for indistries X and Y are 81
percent and 74 percent, respectively, while the corresponding
Herfindahl-Hircshman indexes are 3,100 and 1,600. The
Dansby-Wwillig performance index for industry X is 0.7, while that
for industry Y is 0.55. Based in this information, which would lead
to the greater increase in social welfare: A slight increase in
industry X’s output, or a slight increase in industry Y’s
output?

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