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Author Question: The ________ the Herfindahl-Hirschman Index (HHI), the ________ the industry. A) higher; less ... (Read 50 times)

saraeharris

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  • 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


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mcomstock09

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

A

Answer to Question 2

B


saraeharris

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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