What is the Herfindahl-Hirschman index (HHI) in this market?
a. 1550
b. 1650
c. 1750
d. 1850
Ans: a. 1550
You might also like to view...
As we move along a production possibilities curve and acquire larger and larger amounts of one good (e.g., guns), the sacrifices of the alternative good (e.g., butter) become larger and larger. This is an illustration of
A. the law of demand. B. the law of supply. C. decreasing opportunity costs. D. increasing opportunity costs.
In the Keynesian model of income determination, consumer expenditure includes spending by
A) consumers on personal computers. B) businesses on personal computers. C) governments on personal computers. D) foreigners on domestic personal computers.
When deciding where to locate, businesses _____
a. will always locate in the lowest tax area b. pay no attention to property taxes c. might move to a high property tax area if local amenities are good d. will always locate closest to their customer base
Which of the following teams is not in its original franchise?
A. The Green Bay Packers (football) B. The Arizona Cardinals (football) C. The Pittsburgh Steelers (football) D. The Kansas City Royals (baseball)