A Herfindahl index of 10,000 suggests:
A. perfect competition.
B. monopolistic competition.
C. oligopoly.
D. monopoly.
Answer: D
You might also like to view...
A democratic (majority rule) decision over a multi-dimensional issue can be manipulated by an agenda setter only if voter tastes are not single-peaked.
Answer the following statement true (T) or false (F)
If the price of automobiles were to decrease substantially, the demand curve for public transportation would most likely
A) shift right. B) shift left. C) remain unchanged. D) remain unchanged while quantity demanded would change.
The fiscal policy of the United States is
A) summarized in the budget of the U.S. federal government. B) the sum of the budgets of each state and municipality. C) published in the Federal Reserve Bank's Annual Report. D) announced by the President in his State of the Union message.
How much has government spending as a percentage of GDP been in recent decades?
a. 2 percent b. 10 percent c. 20 percent d. 35 percent