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Author Question: In general, the demand for the product of a monopolistic competitor is A) unitary elastic. B) ... (Read 122 times)

Haya94

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on: Jun 29, 2018
In general, the demand for the product of a monopolistic competitor is
 
  A) unitary elastic.
  B) relatively inelastic.
  C) relatively elastic.
  D) perfectly elastic.

Question 2

The Herfindahl-Hirschman index is a measure of
 
  A) the profit margin of an industry.
  B) market size.
  C) the degree of collusion among firms in a market.
  D) the degree of concentration among firms in a market.


mcni194

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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