What is the difference between a four-firm concentration ratio and a Herfindahl-Hirschman Index?
What will be an ideal response?
A four-firm concentration ratio is the percentage of the total revenue in an industry accounted for by the four largest firms in the industry. The Herfindahl-Hirschman Index sums the squares of the market shares of the 50 largest firms.
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Which of the following is likely to happen if the government of a country introduces a subsidy on job creation?
A) The labor demand curve shifts to the right. B) The labor supply curve shifts to the right. C) The labor supply curve shifts to the left. D) The labor demand curve shifts to the left.
Which of the following is an investment institution?
A) The New York Stock Exchange B) Greater Illinois Savings and Loan C) Prudential Insurance Company D) Fidelity Magellan Mutual Fund
The economy is considered to be at full employment when
A) the frictional unemployment rate is zero. B) the structural unemployment rate is zero. C) the cyclical unemployment rate is zero. D) the unemployment rate is zero.
While vacationing in Italy, you see an interesting meal on a menu. The price is 24 euros. A. If the exchange rate is .80 euros per dollar, how many dollars would you have to give up to buy the meal? B. If the dollar appreciated against the euro, but the price of the meal remained 24 euro, would the meal cost more or fewer dollars? Explain