Author Question: For monopoly A) the four-firm concentration ratio is 100. B) the Herfindahl-Hirschman Index is ... (Read 53 times)

future617RT · **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.