Which of the following measures market structure?
A. Lerner index
B. Herfindahl-Hirschman index
C. Four-firm concentration ratio
D. All of the choices may be used to make inferences about market structure.
Answer: D
You might also like to view...
The widespread decline in the volatility of many macroeconomic variables after 1984 led economists to term this period the
A) Great Moderation. B) Low Volatility Era. C) Steady State. D) Long Boom.
In comparing the returns on U.S. and German Treasury securities, investors
A) should forecast the future dollar/euro exchange rate. B) may disregard the future dollar/euro exchange rate. C) should assume the future dollar/euro exchange rate is the same as today's. D) should assume the euro will depreciate if the German interest rate is above the U.S. interest rate.
Price cap regulation improves cost control incentives relative to rate-of-return regulation
Indicate whether the statement is true or false
In the prisoner's dilemma game:
A. a cooperative strategy can lead to a more beneficial outcome for both players. B. a noncooperative strategy will lead to a positive-positive outcome. C. a stable outcome is impossible. D. neither player has a dominant strategy.