Suppose that there are five firms in a market, each controlling 20% of the market. The HHI would equal:
A. 10.
B. 100.
C. 1,000.
D. 2,000.
Answer: D
You might also like to view...
The inflation rate
a. explains how prices are reacting to economic policies b. indicates the level of prices charged by all firms in the economy c. measures the annual percent increase in the average level of prices d. measures how fast wages and incomes are rising e. determines the prices that firms will offer to customers
State and local government spending has _______________ during the last four decades.
a. decreased b. remained flat c. increased d. stabilized
The cost of trash removal goes up, in part at least, because labor productivity in auto manufacturing goes up.
Answer the following statement true (T) or false (F)
In the early ________, computers became powerful enough to have a real economic impact.
A. 1970s B. 1990s C. 1980s D. 2000s