The government uses ________ figures contained in the Herfindahl-Hirschman Index (HHI) to help determine whether or not it will challenge a proposed merger.
A. firm size
B. profit
C. market share
D. barriers to entry
Answer: C
You might also like to view...
When economists state that the opportunity cost of a product increases as more of it is produced, what do they mean? For instance, what is the opportunity cost? And, where in a PPF diagram does this statement apply and where does it not apply?
What will be an ideal response?
The demand for inputs is ________ because it depends on the demand for outputs.
A. a derived demand B. inconsequential C. unrelated to cost D. a secondary demand
The economic profit of a perfectly competitive firm
A) is less than its total revenue. B) equals its total revenue. C) is greater than its total revenue. D) is less than its total revenue if its supply curve is inelastic and is greater than its total revenue if its supply curve is elastic.
Leontief's results were considered paradoxical because the United States was believed to be
A) technologically efficient relative to the rest of the world. B) capital abundant relative to the rest of the world. C) labor abundant relative to the rest of the world. D) All of the above.