For monopoly
A) the four-firm concentration ratio is 100.
B) the Herfindahl-Hirschman Index is 10,000.
C) there is only one firm in the industry.
D) All of the above answers are correct.
D
You might also like to view...
Holding everything else constant, the U.S. real exchange with Australia will increase if inflation is higher in the United States than in Australia
Indicate whether the statement is true or false
The Aristocrat Corporation has taken out a loan to buy manufacturing equipment. The loan represents ________ for the company
A) a bond B) a liability C) equity D) an asset
(Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. In which year(s) did the country experience deflation?
What will be an ideal response?
Suppose the price elasticity coefficients of demand are 1.43, 0.67, 1.11, and 0.29 for products W, X, Y, and Z, respectively. A 1 percent decrease in price will increase total revenue in the cases of
A. Y and Z. B. W and Y. C. X and Z. D. Z and W.