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

Author Question: In an oligopoly with two firms, one firm's share of the market is 70 percent. The ... (Read 164 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
In an oligopoly with two firms, one firm's share of the market is 70 percent. The Herfindahl-Hirschman Index is ________.
 
  A) 4,900
  B) 0.7
  C) 5,800
  D) 100

Question 2

A perfectly competitive firm is making an economic profit when
 
  A) its total revenue is greater than its total cost.
  B) the price is greater than the minimum of its average total cost.
  C) the price is greater than the minimum of its average variable cost.
  D) Both answers A and B are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


lindiwe

  • Member
  • Posts: 577
Reply 2 on: Jun 29, 2018
Wow, this really help

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
People who share genes will often have similar body weights People who share genes will often have similar body weights
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library