If an industry were perfectly competitive, the four-firm ...

[Bernana]

If an industry were perfectly competitive, the four-firm concentration ratio would be close to ________ and the Herfindahl-Hirschman index would be close to ________.
 
  A) 0; 0
  B) 0; 100
  C) 100; 0.
  D) 100; 100.

Question 2

Using the It's not fair if the result isn't fair principle of fairness, an income tax designed to transfer wealth from the rich to the poor
 
  A) increases efficiency and equity.
  B) increases efficiency and does not affect equity.
  C) decreases efficiency and increases equity.
  D) decreases efficiency and equity.

[6ana001]

Answer to Question 1

A

Answer to Question 2

C

[Bernana]

Wow, this really help

[nanny]

Thanks for the timely response, appreciate it