The table above lists the market shares of the twenty makers of personal computers. Based upon the Herfindahl-Hirschman Index for this industry, the Justice Department would
A) regard the industry as highly concentrated.
B) be against any two firms merging.
C) consider the market oligopolistic.
D) regard the industry as competitive.
D
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Which expression best represents the break-even level of investment when incorporating labor-augmenting technological change into the Solow growth model?
A) (d + n + g)k B) (d + n)k C) (d + n ) / (k + g) D) (d + n + k) / (gk)
Which of the following is likely to be excluded from the gross domestic product (GDP) of a country?
a. The value of the drugs being sold in a vacant lot b. The value of the drugs being sold in a pharmacy c. A doctor treating a patient in a hospital d. The value of a new house bought by an individual e. The value of new furnitures bought by an individual
The real risk-free interest rate is equal to:
a. Society's time preference for money. b. The tradeoff that society must make between buying a foreign or domestic product. c. For most nations, the rate at which financial institutions can borrow from each other when the expected inflation rate is equal to zero. d. None of the above is correct.
Market signals
A) are ways of conveying information. B) are market noise that confuses buyers and sellers. C) are best ignored by investors. D) always lead to economic losses.