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Author Question: A single firm in a contestable market is limited in the amount of economic profit it can earn ... (Read 88 times)

Metfan725

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on: Jun 29, 2018
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.


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choc0chan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Metfan725

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  • Posts: 552
Reply 2 on: Jun 29, 2018
Excellent

robbielu01

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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