In the above table, what is the four-firm concentration ratio for ...

[student77]

In the above table, what is the four-firm concentration ratio for the Gadgets industry?
 
  A) 25 percent
  B) 40 percent
  C) 250 percent
  D) 1,000 percent

Question 2

The figure above shows the market for milk in Cowland. A subsidy paid to producers of 1 per gallon of milk is introduced. If there are no external costs and no external benefits, the marginal benefit of the last gallon of milk consumed is
 
  A) 3.50 a gallon.
  B) 4.00 a gallon.
  C) 4.50 a gallon.
  D) 5.00 a gallon.

[diesoon]

Answer to Question 1

B

Answer to Question 2

A

[student77]

Excellent

[Mochi]

TYSM