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Author Question: If the above figure illustrated a perfectly competitive industry, the equilibrium market price would ... (Read 23 times)

faduma

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  • Posts: 528
on: Jun 29, 2018
If the above figure illustrated a perfectly competitive industry, the equilibrium market price would be equal to
 
  A) 4.
  B) 7.
  C) 9.
  D) 11.

Question 2

An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. The firms with 8 and 7 percent market share are proposing to merge. What is the new Herfindahl-Hirschman index if the merger takes place?
 
  A) 225
  B) 1462
  C) 1692
  D) 1804


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wergv

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

B

Answer to Question 2

D


faduma

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  • Posts: 528
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

atrochim

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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