Which statement is true?
A. Industry Y has a Herfindahl-Hirschman Index of 95.
B. Industry Y has an H-H-I of 100.
C. Industry Y has an H-H-I of 1,000.
D. Industry Y has an H-H-I of 2,738.
D. Industry Y has an H-H-I of 2,738.
You might also like to view...
A speculator becomes the floating-rate payer in an interest-rate swap. She hopes that
A) long rates rise. B) long rates fall. C) short rates rise. D) short rates fall.
The consumer maximizes his total utility (measured in money terms) when, at his chosen quantity of every good he buys, marginal utility
a. equals zero. b. divided by price equals zero. c. equals price. d. equals total utility.
In recent decades, a primary source of long-run growth in U.S. output has been:
A. Increased capacity utilization. B. A reduction in structural unemployment. C. Increased output per worker. D. Rapid growth of the money supply.
Given the same cost data, a pure monopolist producer will charge:
A. a higher price and produce a larger output than a purely competitive industry. B. a lower price and produce a smaller output than a purely competitive industry. C. a higher price and produce a smaller output than a purely competitive industry. D. the same price and produce the same output as a purely competitive industry.