Conglomerate mergers increase concentration in an industry
Indicate whether the statement is true or false
F
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If the number of wine producers decreases
A) the supply of wine increases. B) the supply of wine decreases. C) the demand for wine decreases. D) the demand for wine increases.
When a firm is experiencing decreasing marginal costs, it implies
a. marginal productivity is decreasing b. workers are getting more unproductive c. a constant marginal productivity d. increasing marginal productivity
The central question in economics is how to:
A. deal with the problem of scarcity. B. change government economic policy. C. change people's wants to match their needs. D. manage money and become wealthy.
The following are the respective numbers for the four-firm concentration ratio and Heyerdahl index in an industry. Which set of numbers would suggest that the industry was monopolistic ally competitive?
A. 25 and 207 B. 76 and 2662 C. 80 and 1800 D. 89 and 2582