B. the concentration ratio is more than 80 percent. C. this industry is a differentiated oligopoly. D. the firms in this industry face a kinked demand curve
A. geographic concentration of firms.
B. extent to which the four largest firms dominate the production of a good.
C. percentage of the industry's capital facilities owned by the four largest firms.
D. degree of X-inefficiency in the industry.
Answer: B
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A) The labor demand curves of firms in Neonland will shift rightward. B) Neonland's GDP will fall. C) Current consumption by households will increase. D) Investment by firms will increase.
Suppose the required reserve ratio is 8%, excess reserve-to-deposit ratio is 2%, and the currency-to-deposit ratio is 10%. What is the value of the money multiplier?
What will be an ideal response?
Suppose a perfectly competitive firm's total revenue is equal to $210 and its output is 70 units, when its marginal-cost curve intersects the marginal-revenue curve. What is the marginal revenue earned by the firm?
a. $15 b. $3 c. $30 d. $7 e. $70
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