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Author Question: For monopoly A) the four-firm concentration ratio is 100. B) the Herfindahl-Hirschman Index is ... (Read 43 times)

future617RT

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on: Jun 29, 2018
For monopoly
 
  A) the four-firm concentration ratio is 100.
  B) the Herfindahl-Hirschman Index is 10,000.
  C) there is only one firm in the industry.
  D) All of the above answers are correct.

Question 2

In the above figure, the vertical distance between the ATC and AVC curves is
 
  A) the marginal cost.
  B) the total cost.
  C) the average fixed costs.
  D) None of the above answers is correct.


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abro1885

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

D

Answer to Question 2

C


future617RT

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

duy1981999

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Reply 3 on: Yesterday
Excellent

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