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Author Question: In the figure above, if the market for jackets were perfectly competitive, in long-run equilibrium, ... (Read 88 times)

geoffrey

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on: Jun 29, 2018
In the figure above, if the market for jackets were perfectly competitive, in long-run equilibrium, each firm would sell ________ jackets per day at ________ per jacket.
 
  A) 132; 122
  B) 100; 130
  C) 100; 80
  D) 128; 114

Question 2

In the table above, the Herfindahl-Hirschman Index in the widget industry is
 
  A) 100 points.
  B) 742 points.
  C) 2842 points.
  D) 4182 points.


kthug

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

A

Answer to Question 2

D


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