According to the Federal Trade Commission and Department of Justice HHI Rules, how concentrated is this market?
a. Not concentrated.
b. Moderately concentrated.
c. Concentrated.
d. Highly concentrated.
Ans: b. Moderately concentrated.
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When the evolution of new technologies is unknown, or it is unclear which country has the "best" rules for standards, the adoption of ________ is the superior option
A) a harmonization of standards B) separate standards C) mutual recognition standards D) larger country standards E) All of the above.
If you use a check to purchase a textbook, the check is
a. the unit of value b. the means of payment c. the means of payment and the unit of value d. outside the monetary system e. worth less than an equivalent amount of currency
The Federal Reserve monetary policy goals of maximum employment mean..
What will be an ideal response?
When a resource has a perfectly elastic supply curve
A) the amount of economic rent for the resource is determined by its supply. B) the amount of economic rent for this resource is determined by demand for the resource. C) there is no economic rent being earned by this resource. D) the entire payment received by this resource is economic rent.