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Author Question: As concentration in an industry increases, the value of the Herfindahl index falls. a. True b. ... (Read 92 times)

jho37

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on: Jun 30, 2018
As concentration in an industry increases, the value of the Herfindahl index falls.
 a. True
  b. False

Question 2

Suppose, as a result of a long-run adjustment in a perfectly competitive industry to a change in demand, price and output both fell. Therefore, demand must have __________ in this __________ industry.
 a. fallen; increasing cost
  b. fallen; decreasing cost
  c. increased; increasing cost
  d. increased; decreasing costs
  e. decreased; constant cost


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wshriver

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

B

Answer to Question 2

A


jho37

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Reply 2 on: Jun 30, 2018
Wow, this really help

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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