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

Author Question: The use of money as a medium of exchange I. lowers transaction costs. II. permits more ... (Read 75 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
The use of money as a medium of exchange I. lowers transaction costs. II. permits more specialization.
 
  A) I only
  B) II only
  C) Neither I nor II
  D) Both I and II

Question 2

Suppose an industry is composed of 10 firms. Each firm's share of total sales in the industry is 10 percent. If two of the firms merge, then the four-firm concentration ratio in the industry will
 
  A) remain unchanged.
  B) decrease as there are fewer firms in the industry.
  C) increase.
  D) depend on the market condition faced by the industry.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momo1250

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


vinney12

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Visualization of heat exchange in an ectotherm and an endotherm. Visualization of heat exchange in an ectotherm and an endotherm.
Medium-Range Forecasts Medium-Range Forecasts
With your fingertips, using medium pressure, trace the colon over the abdomen. Move in clockwise ... With your fingertips, using medium pressure, trace the colon over the abdomen. Move in clockwise ...
The experimental system that permits observation of rotation in the F1 component of F1F0 ATP synthas The experimental system that permits observation of rotation in the F1 component of F1F0 ATP synthas
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
When strain A and strain B auxotrophs are grown in a common medium When strain A and strain B auxotrophs are grown in a common medium
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library