Which would concern you most, a 5 percent increase in concentration in a market where the four-firm concentration ratio is 3 percent, 42 percent or 85 percent? Explain your reasoning
Generally, an increase in concentration leads to a bigger increase in price for firms in the mid-range of
concentration ratios. This is why an increase in concentration in a market where the four-firm concentration
ratio is 42 percent is the most worrisome.
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In the figure above, with the tariff the United States imports ________ million shirts per year
A) 24 B) 8 C) 32 D) 16
Holly reads that the US unemployment rate is 9.5% in August. She knows that there are labor ____ and that wages will eventually ____
Fill in the blank(s) with the appropriate word(s).
The higher the rate of inflation, the lower the:
A. real interest rate can fall. B. real interest rate can fall, as long as it is positive. C. nominal interest rate can fall. D. nominal interest rate can fall, as long as it is positive.
The largest category of the unemployed are
A. reentrants. B. job losers. C. new entrants. D. job leavers.