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Author Question: There are four firms in the cement industry in Richland. Firm A has a market share of 30, Firm B has ... (Read 167 times)

bobbysung

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on: Jun 29, 2018
There are four firms in the cement industry in Richland. Firm A has a market share of 30, Firm B has a market share of 20, Firm C has a market share of 25, and Firm D has a market share of 25.
 
  The Herfindahl-Hirschman Index for the cement industry is ________. A) 50
  B) 100
  C) 2,550
  D) 4,000

Question 2

When supply and demand both increase, the
 
  A) quantity definitely decreases.
  B) quantity definitely increases.
  C) price definitely increases.
  D) price definitely decreases.


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randomguy133

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

C

Answer to Question 2

B


bobbysung

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Reply #2 on: Jun 29, 2018
Thank you :)


randomguy133

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Reply #3 on: Jun 29, 2018
Happy to help you


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