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Author Question: If an industry consists of only four firms with equal market shares, then the Herfindahl index a. ... (Read 77 times)

dakota nelson

  • Hero Member
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on: Jun 30, 2018
If an industry consists of only four firms with equal market shares, then the Herfindahl index
 a. is 25
  b. is 10,000
  c. is 100
  d. is 2,500
  e. cannot be calculated without additional information

Question 2

In the long run, a perfectly competitive market will exhibit
 a. zero producer surplus
  b. zero consumer surplus
  c. positive economic profit
  d. allocative and productive efficiency
  e. allocative but not productive efficiency


shaikhs

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  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


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