In order to calculate the HHI, the government must first define the relevant market.
Answer the following statement true (T) or false (F)
True
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Refer to Horizontal Merger. After the merger, producer's surplus is equal to
The following questions refer to the accompanying diagram, which shows the effects of a horizontal merger. Before the merger, the firm behaves competitively producing Q0 and charging P0. The merger lowers the firm's marginal cost and gives the firm enough market power to switch to the monopoly equilibrium.
a. area A + C + F.
b. area C + D + F + G.
c. area C + D + E - F - G.
d. area C + D.
If the firms hires 5 workers, the average variable costs equals
a. $200 b. $50 c. $80 d. $40
Which of the following events occurred during the 2000 to 2005 time-frame and had an important impact on the deficit/surplus projections?
A. The steep decline in taxable capital gains that resulted from declines in the Stock Market from March 2000 to the end of 2002 B. The decrease in unemployment rates from 2002 to 2003 C. The increase in interest rates from 2001 to 2003 D. The increase in inflation rates from 2000 to 2002
________: the economic sacrifice of not doing something else or foregoing another opportunity
Fill in the blank(s) with correct word