[Answered] If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry. a. ...

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Author Question: If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry. a. ... (Read 28 times)

Diane

Hero Member
Posts: 576

on: Jun 30, 2018

If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry.
a. True
b. False

Question 2

If, as a result of a change in demand in a perfectly competitive increasing-cost industry, price and quantity rise, demand must have risen
a. True
b. False

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Marked as best answer by a Subject Expert

djofnc

Sr. Member
Posts: 318

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

A

Diane

Member
Posts: 576

Reply 2 on: Jun 30, 2018

TYSM

amynguyen1221

Member
Posts: 355

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

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