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Author Question: Firms exist because of the low cost associated with creating complete contracts Indicate whether ... (Read 48 times)

sdfghj

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on: Jun 30, 2018
Firms exist because of the low cost associated with creating complete contracts
  Indicate whether the statement is true or false

Question 2

If there were five firms in an industry each with a 20 market share, what would the Herfindahl-Hirschman Index equal?
 a. 80
 b. 800
 c. 1,600
  d. 2,000


Kjones0604

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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