A concentration ratio of 100 would imply that the industry has ___________.
A. one firm
B. no more than four firms
C. at least four firms
D. more than four firms
B. no more than four firms
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What are the key steps for analyzing Demand functions based on Regression results?
What will be an ideal response?
If an active approach is followed in closing an expansionary gap, _____
a. the aggregate demand curve would shift rightward b. the aggregate demand curve would shift leftward c. the short-run aggregate supply curve would shift rightward d. the short-run aggregate supply curve would shift leftward e. there would be a movement up and to the left along the short-run supply curve
If Moe’s has four workers, and Moe wants to improve his marginal product of labor, he should ______.
a. find higher quality workers
b. reduce the number of workers
c. pay his staff less
d. charge more for his bagels
The graph above shows the PPC for a country that can produce oil or televisions. The straight line is the trade line and CPC if production is at Point A. Is this country producing the optimal mix of oil and televisions to maximize its income? Carefully explain how you know
What will be an ideal response?