Author Question: A perfectly discriminating monopolist converts every dollar of producer surplus into economic ... (Read 39 times)

geoffrey · **on:** Jun 30, 2018

A perfectly discriminating monopolist converts every dollar of producer surplus into economic profit.
a. True
b. False

Question 2

Which of the following markets would have the highest Herfindahl index? A market with
a. ten firms of widely different sizes
b. ten firms of approximately the same size
c. five firms of widely different sizes
d. five firms of approximately the same size
e. eight firms exactly the same size