The Herfindahl-Hirschman Index is used to measure
A) brand recognition.
B) the ease of market entry.
C) market power.
D) none of these choices.
C
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Consider a firm with constant marginal cost that behaves competitively. A horizontal merger lowers the firm's marginal cost and causes the firm to behave like a monopoly. How does the merger affect producer's surplus, consumers' surplus, and social gain? Explain.
What will be an ideal response?
________ unemployment arises from a mismatch of skills and jobs
A) Cyclical B) Frictional C) Structural D) Inflationary
Refer to Table 4-8. If a minimum wage of $9.50 is mandated there will be a
A) surplus of 20,000 units of labor. B) surplus of 10,000 units of labor. C) shortage of 10,000 units of labor. D) shortage of 20,000 units of labor.
The U.S. private sector holds about ________ percent of outstanding U.S. Treasury bonds.
A. 22 B. 30 C. 50 D. 17