Consider an oligopoly that has two firms, one with a 75 percent market share and the other with a 25 percent market share. The Herfindahl index for this market is:
a. 5,625.
b. 6,250.
c. 625.
d. 5,000.
e. 8,500.
b
You might also like to view...
Import tariffs in the United States are likely to reduce U.S. exports, both because of the resulting decrease in foreign earnings of dollars from exports to the United States and because of the likelihood of increases in other countries' import restrictions against U.S. goods
a. True b. False Indicate whether the statement is true or false
During normal times, Fed pushes the federal funds down when it wants to give the economy a boost and
A. pushes it up when it wants to restrain the economy. B. pushes it down when it wants to restrain the economy. C. does not tamper with the federal funds when it wants to restrain the economy. D. None of the above is correct.
When GDP is measured in "current prices" it is known as the:
A. real GDP. B. nominal GDP. C. real GNP. D. nominal GNP.
The Bretton Woods system worked fairly well for a number of years, but it finally broke down over
A. lack of agreement on how to settle the problems of the surplus nations. B. its inability to devalue the U.S. dollar. C. the huge debts of the IMF to less-developed countries. D. the controversies generated by surplus nations wanting to devalue their currencies.