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

Author Question: The ________ the Herfindahl-Hirschman Index (HHI), the ________ the industry. A) higher; less ... (Read 34 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
The ________ the Herfindahl-Hirschman Index (HHI), the ________ the industry.
 
  A) higher; less competitive
  B) lower; less competitive
  C) higher; more firms in
  D) lower; more profitable

Question 2

The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. What is the firm's economic profit per day?
 
  A) zero
  B) between 1 and 700
  C) between 701 and 900
  D) more than 901


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Gracias!

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Index of seed size and hardiness prior to, during, and after drought. Index of seed size and hardiness prior to, during, and after drought.
Example of the Index to Diseases and Injuries. Example of the Index to Diseases and Injuries.
Community colleges have opened higher education to millions of students who would not otherwise have ... Community colleges have opened higher education to millions of students who would not otherwise have ...
Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ... Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ...
The limbic system is located within the higher brain, or cerebrum. The limbic system is located within the higher brain, or cerebrum.
Industry is responsible for 21% of global greenhouse gas emissions Industry is responsible for 21% of global greenhouse gas emissions
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library