A merger will be challenged by the FTC in a market where the Herfindahl-Hirschman Index (HHI) is ________, and the merger would increase it to ________
A) 2,900; 3,100.
B) 1,700; 1,760
C) 800; 950
D) 2,000; 2,040
A
You might also like to view...
In a ________ monopoly structure, the wholesale demand for a monopoly retailer depends on the retailer's ________.
A) dual; marginal revenue B) successive; marginal revenue C) successive; demand D) dual; demand
A single-price monopolist is
a. able to use price discrimination to increase profits b. protected from competition by patents and copyright laws c. one that charges the same price for all units of output d. illegal in the United States e. less efficient than a multi-price monopoly
The New York Yankees are the winningest team in all of professional sports history. When interviewed after sweeping a World Series, the Yankee manager always says that, "To me, this win is the sweetest of them all.". To an economist, it means that
a. the marginal utility of the last win is greater than the total utility of all previous Yankee World Series wins b. the law of diminishing marginal utility applies here c. the law of diminishing marginal utility doesn't apply here d. the manager engages in interpersonal comparisons of utility e. consumer surplus increases with each win
A tax on buyers shifts the demand curve to the right
a. True b. False Indicate whether the statement is true or false