There are six firms in the cresset industry. The market shares of the four largest firms are 50 percent, 20 percent, 10 percent, and 7 percent. The Herfindahl index is
a. 87
b. 4,149
c. 10,000
d. 3,081
e. impossible to calculate because data for the fifth and sixth firms are not given
E
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Actuarial risks are based on factual data. 2. A reference dose (RfD) measures the daily exposure to some contaminantthat can be tolerated over a person’s lifetime. 3. According to the textbook application on the ecological risks associated with climate change, all such risks are known with certainty. 4. The EPA has developed the same guidelines for assessing both human health risks and ecological risks. 5. In an ecological risk assessment, the step in which the ecological entity that is potentially at risk is identified is called the analysis phase.
What is the main reason behind the disparity in the growth rates of South Korea and North Korea over the last sixty years?
What will be an ideal response?
A firm's demand for labor curve
A) is the same as its value of marginal product of labor curve. B) shows how many jobs the firm demands at different wage rates. C) shifts rightward when the price of the firm's output falls. D) None of the above answers are correct.
A product is considered to be excludable if it is jointly owned by all members of a community
Indicate whether the statement is true or false