Author Question: Consider the labor market depicted in the above figure. What wage rate must be paid to have the ... (Read 61 times)

AEWBW · **on:** Jun 29, 2018

Consider the labor market depicted in the above figure. What wage rate must be paid to have the 200th hour of labor supplied?

A) 10
B) 15
C) 20
D) None of the above answers is correct.

Question 2

In a market with a Herfindahl-Hirschman Index of 2,000, according to their guidelines will the Department of Justice challenge a merger that would increase the index by 100?

What will be an ideal response?

missalyssa26 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

Yes, according to their guidelines the Department of Justice will challenge a merger that increases the Herfindahl-Hirschman Index by more than 100 points if the initial index is greater than 1,500.