Use the information in the table below.Percentage of salesIndustry 1Industry 2Industry 3Industry 4Firm 155%45%25%10%Firm 210%35%40%60%Firm 325%20%35%10%Firm 410% 20%Which of the following industries is the most concentrated based on the Herfindahl index?
A. Industry 1
B. Industry 2
C. Industry 3
D. Industry 4
Answer: D
You might also like to view...
Explain how the wealth effect can affect aggregate demand
What will be an ideal response?
In October 2008, Congress passed the ________, under which the Treasury provided funds to banks in exchange for stock
A) Bank Rescue Alliance Treaty (BRAT) B) Mortgage Transfer Agency (MTA) C) Financial Assurance Association (FAA) D) Troubled Asset Relief Program (TARP)
Coins in the hands of the public are
A. included in M1, but not in M2. B. included in both M1 and in M2. C. included in M2, but not in M1. D. excluded from M1 and M2 because people can exchange them for Federal Reserve notes.
Exhibit 6A-6 Consumer equilibrium
?
As shown in Exhibit 6A-6, the marginal rate of substitution (MRS) at point X is ____ the marginal rate of substitution at point Y.
A. less than B. greater than C. equal to D. twice