This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: There are four firms in the cement industry in Richland. Firm A has a market share of 30, Firm B has ... (Read 145 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


bobbysung

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jun 29, 2018
Thank you :)


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

The Pleiades, an open cluster of stars in the constellation of Taurus. These stars share a common mo The Pleiades, an open cluster of stars in the constellation of Taurus. These stars share a common mo
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Stock Market Question Stock Market Question
How many carboxylic acids and esters share the molecular formula C2H4O2? How many carboxylic acids and esters share the molecular formula C2H4O2?
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library