« previous next »

Author Question: A high four-firm concentration ratio implies A) an absence of product differentiation. B) a ... (Read 118 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 29, 2018
A high four-firm concentration ratio implies
 
  A) an absence of product differentiation.
  B) a presence of product differentiation.
  C) an absence of competition.
  D) a presence of competition.

Question 2

The figure above shows the market for umbrellas in Sunville. Suppose the quantity of umbrellas currently traded in Sunville is 199 per day. If one more umbrella is sold, the total surplus in Sunville will
 
  A) decrease by 26.67.
  B) increase by 26.67.
  C) increase by 50.00.
  D) not change.


bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
Cloud Types: High Clouds Cloud Types: High Clouds
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Firm handshake Firm handshake
Find the derivative using the product rule Find the derivative using the product rule
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library