The above table shows the market shares for all the landscaping services in a suburban area. Which of the following mergers would cause the greatest increase in the four-firm concentration ratio?
A) A and B
B) D and E
C) E and F
D) six of the smallest firms
D
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There are three major macroeconomics markets (i.e., markets in the Three-Sector-Model) that will be the focus of this course. Which of the following choices is not included:
a. Real Goods Market b. Bond Market c. Foreign Exchange Market d. Real Loanable Funds Market
Assume that a consumer purchases two products and the consumer's money income increases. All other things equal, the most likely effect is:
A. no change in the consumer's buying pattern. B. an inward shift in the budget line because the consumer can now purchase less of both products. C. an outward shift in the production possibilities curve because the consumer can now satisfy more wants. D. an outward shift in the budget line because the consumer can now purchase more of both products.