If there are only three firms in an industry with 50 percent, 40 percent, and 10 percent of the market, respectively, the Herfindahl Index is
a. 40
b. 100
c. 200
d. 33
e. 4,200
E
Economics
You might also like to view...
The marginal propensity to save (MPS) is equal to
A) MPC + 1. B) 1 + MPC. C) 1 - MPC. D) MPC - 1.
Economics
Auctions are valuable for selling items such as
a. Art b. Antiques c. Custom jewelry d. All of the above
Economics
Acquiring a supplier because it becomes more profitable
a. will raise the asking price to offset any increase in cash flow over time b. will increase your profits c. will decrease your profits d. will make you alter operations
Economics
Which of the following is not generally considered to be an ingredient for economic growth?
a. Investment in human capital. b. Political instability. c. High savings rate and investment in capital. d. Growth in technology. e. Investment in infrastructure.
Economics