If the four-firm concentration ratio in an industry increases, the industry
a. must have become more competitive.
b. must have become a monopoly.
c. must have become less competitive, although not necessarily a monopoly.
d. may or may not have become less competitive.
d
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In an open outcry English auction, ________
A) the bidders begin the bidding process with a high starting bid B) the auctioneer begins the bidding process with a high starting bid C) the auctioneer begins the bidding process with a low starting bid D) the bidders decide the starting bid
In an effort to clean up the amount of sulfates introduced into the atmosphere the government has ruled that all polluters install smoke stack scrubbers on their smoke stacks and mandated a pollution limit on the amount of sulfates per parts of air
that may be legally emitted into the atmosphere. Suppose some of the polluters have found a more efficient way to eliminate the pollution. How will this discovery change the amount of sulfates emitted into the atmosphere?
The effect of government spending or tax cuts on national income is measured by the:
A. aggregator. B. output gap. C. multiplier. D. tax rate.
A $1,000 face value bond, with an annual coupon of $40, one year to maturity and a purchase price of $980 has a:
A. A current yield that equals 4.08% and a yield to maturity that equals 4.0%. B. current yield that equals 4.00%. C. current yield that equals 4.08% and a yield to maturity that equals 6.12%. D. coupon rate that equals 4.08%.