A single firm in a contestable market is limited in the amount of ...

[Metfan725]

A single firm in a contestable market is limited in the amount of economic profit it can earn because there
 
  A) are barriers to entry.
  B) are no barriers to entry.
  C) is collusion.
  D) are government regulations limiting its profit.

Question 2

If a market is shared equally by 200 firms the Herfindahl-Hirschman Index is
 
  A) 12.5.
  B) 25.
  C) 50.
  D) 200.

[choc0chan]

Answer to Question 1

B

Answer to Question 2

C

[Metfan725]

Thanks for the timely response, appreciate it

[cassie_ragen]

Excellent