The IT industry in Techland has a Herfindahl-Hirschman Index of 1,320. This implies that the IT industry in Techland is ________
A) not concentrated
B) moderately concentrated
C) highly concentrated
D) dominated by a few large buyers
B
You might also like to view...
Which of the following factors would economists consider "key" to economic development?
A) policies that promote consumption expenditures by households B) establishing a system of property rights C) expansionary monetary policy D) All of the above are correct.
Philosophical arguments in favor of income redistribution programs include
A) utilitarianism. B) the Rawlsian social contract. C) the benefits-received principle. D) all of the above
Federal affirmative action programs are mandatory for all public and private workplaces
Indicate whether the statement is true or false
Which of the following purchases is included in the calculation of gross domestic product?
a) a used economics textbook from the bookstore b) new harvesting equipment for the farm c) 1,000 shares of stock in a computer firm d) a car produced in a foreign country e) government bonds issued by a foreign firm