Based on the above table, which shows the firms and sales in an industry, what is the approximate value of the Herfindahl-Hirschman Index?
A) 1,660
B) 2,300
C) 4,800
D) 10,000
A
You might also like to view...
The chair of the Department of Economics at Colorado State University decided that office space is for tenured faculty and that graduate students are required to share cubicles. What method is used to allocate office space?
A) lottery B) majority rule C) command D) first-come, first-served E) sharing equally
Which organization is responsible for managing the nation's money supply?
A) Fort Knox B) The United States Congress C) The United States Treasury D) The Federal Open Market Committee E) The American Economic Association
The steeper the slope of the aggregate supply curve in the long run indicates that an increase in aggregate demand will cause an increase in the price level and an even greater increase in output in the long run
a. True b. False Indicate whether the statement is true or false
In a linear regression equation of the form Y = a + bX, the slope parameter b shows
A. ?X / ?Y. B. ?X / ?b. C. ?Y / ?b. D. ?Y/ ?X. E. none of the above