The advantage of the Herfindahl index over the four- and eight-firm concentration ratios is that it provides information
A) on the degree to which foreign firms impact domestic competition.
B) about the dispersion of firm size in an industry.
C) on the degree to which marginal revenue is greater than marginal cost (for a firm) .
D) b and c
E) none of the above
Correct Answer:
Verified
Q103: The act which empowered the Federal Trade
Q104: The act that set up a commission
Q105: There are ten firms in an industry.
Q106: The market shares (in percentage terms) for
Q107: The Herfindahl index measures the
A)degree of concentration
Q109: The market shares (in percentage terms) for
Q110: Suppose a regulatory agency makes decisions that
Q111: The merger of two firms producing personal
Q112: Economists assert that government regulation
A)has no costs
Q113: The merger of a brewery with an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents