What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 5%, 10%, 15%, 20%, 25%, and 25%?
a. 100
b. 1,350
c. 1,375
d. 2,000
d
Economics
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a. True b. False Indicate whether the statement is true or false
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In this book, An inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith described a visit he made to a
A) car factory. B) Pin factory. C) Washing Machine Factory. D) farm.
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The supply curve for a monopolist
A. is vertical. B. does not exist. C. is downward sloping. D. is upward sloping.
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Holding money as a store of value instead of other assets is
A. the precautionary demand for money. B. the transactions demand for money. C. the asset demand for money. D. the capital demand for money.
Economics