Firms exist because of the low cost associated with creating complete contracts Indicate whether ...

Author Question: Firms exist because of the low cost associated with creating complete contracts Indicate whether ... (Read 42 times)

sdfghj

Hero Member
Posts: 552

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

Sr. Member
Posts: 327

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

d

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