This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Herfindahl-Hirschman Index is calculated by ________. A) adding the market share of each firm ... (Read 101 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 29, 2018
The Herfindahl-Hirschman Index is calculated by ________.
 
  A) adding the market share of each firm in the market and squaring the resulting number
  B) squaring the market share of each firm competing in the market and then summing the resulting numbers
  C) adding the number of firms in the market and squaring the resulting number
  D) adding the profit earned by each firm in the market

Question 2

Use the economic way of thinking to complete the following statement: An entrepreneur who owns his own building
 
  A) enjoys the building as a free good.
  B) sacrifices rental income he could have been earned on the building.
  C) enjoys lower costs than other entrepreneurs who choose to rent buildings from others.
  D) enjoys larger economic profits compared to other entrepreneurs who choose to rent buildings from others.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jun 29, 2018
Thank you :)


kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Example of the Index to External Causes. Example of the Index to External Causes.
Share of Hours Worked by Education Level, 1940–2008 Share of Hours Worked by Education Level, 1940–2008
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library