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Author Question: If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry. a. ... (Read 52 times)

Diane

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on: Jun 30, 2018
If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry.
 a. True
  b. False

Question 2

If, as a result of a change in demand in a perfectly competitive increasing-cost industry, price and quantity rise, demand must have risen
 a. True
  b. False


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djofnc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Diane

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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