Suppose that an industry consists of 10 firms, and the top 4 firms have annual sales of $2.5 million, $2 million, $1.5 million, and $1 million, respectively
If the entire industry has annual sales of $10 million, the four-firm concentration ratio is A) 85 percent.
B) 50 percent.
C) 10 percent.
D) 70 percent.
D
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Understanding the impact of carbon taxes on the energy usage of individual households and firms is studied under:
A) microeconomics. B) macroeconomics. C) fiscal economics. D) financial economics.
If the economy is in recession, explain what advice you would give the President if you were a classical economist. What advice would you give if you were a Keynesian?
When ranking movies by nominal box office receipts, what important fact is overlooked?
a. More people go to movies now than in the past. b. There are no good substitutes for movies currently. c. Prices, including those for movie tickets, have been rising over time. d. Movies and DVD are complements.
The occurrence of bank failures in the United States
A. ended after 1933 and the creation of the FDIC. B. increased dramatically during the Clinton administration. C. reappeared in intensity in the late 1990s and early 2000s. D. reappeared in the 1980s and early 1990s and again in 2006.