If an industry is dominated by three large producers whose revenues represent 30, 30, and 30 of the market's total revenues with the remaining two firms each representing 5, what would be the four firm concentration ratio and the Herfindahl-Hirschman Index for this industry?
a. 95; 2,725
b. 95; 2,750
c. 70; 9,975
d. 70 10,000
Question 2
Assume that a single insurance plan covers 2,000 low-risk people and 1,000 high-risk ones, all of whom pay the same premium, at which the insurer breaks even. If the average claim submitted by low-risk people is 100 while that submitted by high-risk people was 1,000 . what would be the net benefit to a low-risk person from holding a policy?
a. -300
b. -250
c. 100
d. 500
The large orb web of Araneus diadematus (European garden spider).
Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge
Large-Flowered Leafcup
The Very Large Array (VLA)
The digestive system: functions of the small intestine and large intestine (colon)
The Taung Child, the first of the australopithecines to be discovered, is the type specimen for Aust