« previous next »

Author Question: The largest value the Herfindahl index can have is a. 100, which would indicate a monopoly b. 100 ... (Read 12 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
The largest value the Herfindahl index can have is
 a. 100, which would indicate a monopoly
  b. 100 for firms equal in size
  c. 100,000
  d. 10,000 . which would indicate a pure monopoly
  e. infinity

Question 2

Firms achieve productive efficiency in the long run by
 a. striving to minimize fixed cost
  b. striving to maximize revenue
  c. producing at their minimum long-run average cost
  d. producing at their minimum long-run marginal cost
  e. producing the output consumers want most


ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

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

Blue-tongued lizards are the largest species of skink Blue-tongued lizards are the largest species of skink
Tiger, the largest and heaviest living species of the cat family Tiger, the largest and heaviest living species of the cat family
Gorillas are the largest living primates. Gorillas are the largest living primates.
Example of the Index to Diseases and Injuries. Example of the Index to Diseases and Injuries.
NCC MERP Index for categorizing medication errors. NCC MERP Index for categorizing medication errors.
Power-tower in Southern California, largest such facility in the world Power-tower in Southern California, largest such facility in the world
Video: Eczema

For a complete list of videos, visit our video library