The following are the respective numbers for the four-firm concentration ratio and Heyerdahl index in an industry. Which set of numbers would suggest that the industry was monopolistic ally competitive?

A. 25 and 207
B. 76 and 2662
C. 80 and 1800
D. 89 and 2582


A. 25 and 207

Economics

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At the end of WWII, three major international organizations were established to accelerate trade and economic growth among countries of the world. They are: the IMF, the World Bank, and _____.

a. GATTb. WTOc. SPPd. NAFTA

Economics

What is one reason activists might lobby the government for regulation limiting the production of a product to less than would normally be in a perfectly competitive market?

A) They value consumer surplus more than producer surplus. B) They value producer surplus more than consumer surplus. C) They seek to avoid future regulation. D) They seek to minimize total surplus.

Economics

The "rate of return" refers to:

a. the increase in future output made possible by investing one unit of current output in capital accumulation. b. the dividend payments made on corporate issued stock. c. the increase in current output made possible by investing in units of future output in capital accumulation. d. the rate at which capital depreciates.

Economics

The government sometimes grants a firm the exclusive right to market a good or process for a fixed period of time. This is called

a. laissez-faire b. a patent c. contestable markets d. economies of scale e. monopolistic competition

Economics