A market in which the Herfindahl-Hirschman Index exceeds 1,800 is considered to be
A) competitive.
B) not competitive.
C) moderately competitive.
D) purely competitive.
E) either a monopoly or monopolistic competition.
B
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When someone does not have to pay for a good it:
A. is rational to overconsume. B. is irrational to overconsume. C. is rational to underconsume. D. means there is zero demand for the good.
Refer to the graph showing the supply of books. A shift from S0 to S1 would most likely occur for what reason?
A. A decrease in the number of suppliers in the market B. A decrease in the cost of producing books C. An increase in the price of books D. An increase in taxes levied on producers of books
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
"Economic rent reflects a waste of resources." Do you agree or disagree? Explain
What will be an ideal response?