The Herfindahl-Hirschman Index is calculated by ________
A) adding the market share of each firm in the market and squaring the resulting number
B) squaring the market share of each firm competing in the market and then summing the resulting numbers
C) adding the number of firms in the market and squaring the resulting number
D) adding the profit earned by each firm in the market
B
You might also like to view...
The demand for loanable funds curve is
A) downward sloping when plotted against the real interest rate. B) vertical at the full employment level of investment. C) constant at the maximum expected profit rate. D) upward sloping when plotted against the real interest rate.
Will the use of the euro help increase economic growth in countries in the European Union? Will it help individual countries using the euro in times of recession? Explain
What will be an ideal response?
Insurance companies offer only unfair insurance because
A) they are run by greedy capitalists. B) they can fool customers into buying it. C) they have operating costs. D) their risks are positively correlated.
When an economy is experiencing a negative output gap, it means that the:
A. actual output is more than their potential output. B. price level is falling. C. price level is rising. D. actual output is less than their potential output.