Author Question: Behavioral economists use findings from psychology to explain complex consumer behavior that cannot ... (Read 65 times)

ETearle · **on:** Jun 30, 2018

Behavioral economists use findings from psychology to explain complex consumer behavior that cannot always be explained by traditional economic models.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If there are 50 firms in the industry, and each have an equal market share, the Herfindahl index will be equal to 1,00,000.
a. True
b. False
Indicate whether the statement is true or false