Author Question: In the above table, what is the four-firm concentration ratio for the Gadgets industry? A) 25 ... (Read 64 times)

student77 · **on:** Jun 29, 2018

In the above table, what is the four-firm concentration ratio for the Gadgets industry?

A) 25 percent
B) 40 percent
C) 250 percent
D) 1,000 percent

Question 2

The figure above shows the market for milk in Cowland. A subsidy paid to producers of 1 per gallon of milk is introduced. If there are no external costs and no external benefits, the marginal benefit of the last gallon of milk consumed is

A) 3.50 a gallon.
B) 4.00 a gallon.
C) 4.50 a gallon.
D) 5.00 a gallon.