Author Question: The government can use taxes to A) change production in a market with an external cost to the ... (Read 98 times)

WWatsford · **on:** Jun 29, 2018

The government can use taxes to

A) change production in a market with an external cost to the efficient amount.
B) change production in a market with an external benefit to the efficient amount.
C) increase production.
D) decrease price.

Question 2

The table above lists the market shares of the twenty makers of personal computers. Based upon the Herfindahl-Hirschman Index for this industry, the Justice Department would

A) regard the industry as highly concentrated.
B) be against any two firms merging.
C) consider the market oligopolistic.
D) regard the industry as competitive.