[Answered] A single firm in a contestable market is limited in the amount of economic profit it can earn ...

This topic contains a solution. Click here to go to the answer

Author Question: A single firm in a contestable market is limited in the amount of economic profit it can earn ... (Read 91 times)

Metfan725

Hero Member
Posts: 552

on: Jun 29, 2018

A single firm in a contestable market is limited in the amount of economic profit it can earn because there

A) are barriers to entry.
B) are no barriers to entry.
C) is collusion.
D) are government regulations limiting its profit.

Question 2

If a market is shared equally by 200 firms the Herfindahl-Hirschman Index is

A) 12.5.
B) 25.
C) 50.
D) 200.

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

choc0chan

Sr. Member
Posts: 362

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

C

Metfan725

Member
Posts: 552

Reply 2 on: Jun 29, 2018

TYSM

LVPMS

Member
Posts: 323

Reply 3 on: Yesterday

Excellent

« previous next »

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.