The index that the U.S. government currently uses to determine whether a merger should be allowed is the
a. Herfindahl index
b. Schumpeter index
c. Dow Jones average index
d. consumer price index
e. four-firm concentration ratio
Question 2
Productive efficiency occurs in markets when
a. goods are produced at the lowest possible average total cost
b. goods are produced at the lowest average variable cost
c. goods are produced at the lowest marginal cost
d. goods are produced at the lowest average fixed cost
e. the economy is producing the maximum quantity of goods and services it can
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