« previous next »

Author Question: In the market for bottled water, Fresh Springs has a 30 percent share of the market, Swiss Springs ... (Read 126 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
In the market for bottled water, Fresh Springs has a 30 percent share of the market, Swiss Springs has a 27 percent share, L'eau de France has a 13 percent share, and Mountain Water has a 10 percent share.
 
  The rest of the market consists of 20 firms with a 1 percent share of the market each. What is the value of the Herfindahl-Hirschman index? A) 2,418
  B) 80
  C) 1,918
  D) 2,818

Question 2

According to Nobel laureate Ronald Coase, firms exist in order to
 
  A) maximize transactions costs.
  B) minimize transactions costs.
  C) maximize transactions.
  D) employ workers.


ilianabrrr

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Municipal Water Treatment Plant Municipal Water Treatment Plant
Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
Water transport in plants Water transport in plants
How to solve any percent change problem How to solve any percent change problem
How water moves through a tree How water moves through a tree
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library