Each price-quantity combination on a consumer's demand curve ...

[Lobcity]

Each price-quantity combination on a consumer's demand curve shows the utility-maximizing quantity at the given price.
 
  Indicate whether the statement is true or false

Question 2

Because of the shortcomings of concentration ratios, some economists prefer another measure of competition called
 
  A) the Herfindahl-Hirschman Index. B) the Economic Profit Index.
  C) the Competition Index. D) the Marginal Revenue-Marginal Cost Index.

[sierramartinez]

Answer to Question 1

TRUE

Answer to Question 2

A