Author Question: If the Herfindahl-Hirschman Index (HHI) among the firms in the long distance telecommunications ... (Read 31 times)

vHAUNG6011 · **on:** Jun 29, 2018

If the Herfindahl-Hirschman Index (HHI) among the firms in the long distance telecommunications market is equal to 855, when would the Federal Trade Commission probably challenge a proposed merger between any two of the firms?

A) It would challenge if the HHI would increase by more than 50 points.
B) It would challenge if the HHI would increase by more than 100 points.
C) It would challenge no matter what happened to the HHI because the market has so few firms.
D) It would not challenge because the HHI is less than 1500.

Question 2

Of the approximate total population of 300 million people in America, about how many have incomes below the official poverty level?

A) approximately 13 million
B) approximately 46 million
C) approximately 73 million
D) approximately 104 million