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

Author Question: If the above figure illustrated a perfectly competitive industry, the equilibrium market price would ... (Read 24 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 29, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


faduma

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
Gracias!

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Dentition of a collared peccary, as illustrated in Knight's Sketches in Natural History Dentition of a collared peccary, as illustrated in Knight's Sketches in Natural History
Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
Lewis symbols,(Figure 1) Lewis symbols,(Figure 1)
front muscle figure front muscle figure
Pharmacotherapy Illustrated Pharmacotherapy Illustrated
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: The life cycle of protein

For a complete list of videos, visit our video library