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Author Question: Consider an industry that is made up of six firms with the following market shares: Firm A - 50, ... (Read 54 times)

joesmith1212

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on: Jun 29, 2018
Consider an industry that is made up of six firms with the following market shares: Firm A - 50, Firm B - 20, Firms C and D - 10 each, and Firms E and F - 5 each.
 
  What is the value of the Herfindahl-Hirschman Index and how will the industry be categorized?
  A) 2,500; mildly concentrated B) 3,150; highly concentrated
  C) 8,100; highly concentrated D) 10,000; effectively competitive

Question 2

Perfect price discrimination will lead a firm to produce up to the point where price equals marginal cost, the efficient level of output.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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annierak

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

B

Answer to Question 2

TRUE


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