If firms E and F in this table merged into a single firm, the Herfindahl index would
A) not change.
B) rise, as would the four-firm concentration ratio.
C) rise, but the four-firm concentration ratio would remain unchanged.
D) fall.
Correct Answer:
Verified
Q116: Industries X and Y both have four-firm
Q117: Q118: Aluminum competes with copper in the market Q119: Assume six firms composing an industry have Q120: Concentration ratios Q122: Mutual interdependence means that Q123: Q124: The product in an oligopolistic market Q125: The characteristic most closely associated with oligopoly Q126: 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![]()
A)may overstate the degree of competition
A)a firm's behavior is![]()
A)is assumed![]()