According to current Justice Department guidelines, mergers in an industry are seldom challenged if the industry
a. would have a postmerger Herfindahl index greater than 1,800
b. would have a postmerger Herfindahl index less than 1,000
c. has a premerger Herfindahl index greater than 1,800
d. has a premerger Herfindahl index less than 1,000
e. has a premerger Herfindahl index equal to 10,000
B
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Suppose the airplane market is an oligopoly. According to the figure above, if the firms act as a monopolist, the quantity produced will be ________ planes per week and if the firms act as competitors the quantity produced will be ________ planes per
week. A) 6; 12 B) 12; 6 C) 0; 6 D) 12; 0 E) None of the above answers is correct.
___________ is the speed and ease of retrieving cash or turning another type of investment into cash
a. Morbidity b. Liquidity c. Asset building d. Lifetime earning credit
If the demand for softballs increases, one could expect the demand for leather to increase. This is attributable to the
a. opportunity cost of producing softballs. b. marginal productivity principle. c. reduction in the cost of production of softballs. d. derived demand for an input.
The payment of government unemployment insurance reduces the severity of recessions by
What will be an ideal response?