If the above figure illustrated a perfectly competitive industry, ...

[faduma]

If the above figure illustrated a perfectly competitive industry, the equilibrium market price would be equal to
 
  A) 4.
  B) 7.
  C) 9.
  D) 11.

Question 2

An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. The firms with 8 and 7 percent market share are proposing to merge. What is the new Herfindahl-Hirschman index if the merger takes place?
 
  A) 225
  B) 1462
  C) 1692
  D) 1804

[wergv]

Answer to Question 1

B

Answer to Question 2

D

[faduma]

Thanks for the timely response, appreciate it

[cici]

Gracias!