Adam Matsumi is an attorney who can charge legal fees above the ...

[rmenurse]

Adam Matsumi is an attorney who can charge legal fees above the competitive level because entry of new competitors is made more difficult by the need to hold a(n)
 a. state license
  b. patent
  c. essential resource
  d. economy of scale
  e. copyright

Question 2

If an industry currently has a Herfindahl index of 900 and a merger would raise that to 950, then the Department of Justice would generally
 a. challenge the merger because the index would become too large
  b. challenge the merger because the change in the index is too large
  c. not challenge the merger because the postmerger index is less than 1,800
  d. not challenge the merger if it is a horizontal merger
  e. challenge the merger if it is a vertical merger

[cadimas]

Answer to Question 1

A

Answer to Question 2

C

[rmenurse]

Thank you

[cadimas]

Happy to help you