The highest Herfindahl-Hirschman index
A. is in Industry X.
B. is in Industry Y.
C. is in Industry Z.
D. cannot be determined.
C. is in Industry Z.
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The poverty rate for African Americans has remained approximately equal in the U.S. since the late 1950s
a. True b. False Indicate whether the statement is true or false
A tax on individuals’ earnings is called the:
A. payroll tax. B. personal income tax. C. corporate income tax. D. excise tax.
Joe and Steve are duopolists who each can follow two strategies: cooperate and jointly act like a monopolist, or don't cooperate (cheat) and act like duopolists. Their profits are as follows:If both cooperate:Â both receive $1 millionIf one cooperates:cooperator receives $200,000, cheater receives $1.2 millionIf both cheat:both receive $500,000What will they do?
What will be an ideal response?
The problem of excess pollution mainly occurs because of
A) asymmetric information. B) a positive externality. C) a negative externality. D) a monopoly.