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Author Question: A single firm in a contestable market is limited in the amount of economic profit it can earn ... (Read 34 times)

Metfan725

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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.


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choc0chan

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

B

Answer to Question 2

C


Metfan725

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ecabral0

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Reply 3 on: Yesterday
:D TYSM

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