The table above shows sales of the firms in the chocolate industry. The Herfindahl-Hirschman Index in the industry is
A) 1346.
B) 896.
C) 1160.
D) 2588.
A
You might also like to view...
Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio is 5%. How many dollars is Acme bank allowed to use to seek profits?
A) 0 B) $50,000 C) $500,000 D) $950,000 E) Trick question: banks aren't allowed to seek profit.
Banks have responded to new regulations resulting from the Dodd-Frank Act in all of the following ways EXCEPT:
A) raising minimum balances on free checking accounts B) closing branches in low-income neighborhoods C) raising overdraft fees D) increased marketing of securities and financial advice to high-income customers
Refer to the graph.
The economy begins at a level of output of $20 billion and experiences a one-year recession in which output declines by 4 percent. What is output in year 1?
A. $800 billion B. $19.2 million C. $800 million D. $19.2 billion
Anything owed by a person or a firm is
A) an asset. B) a liability. C) a bond. D) equity.