Suppose each of the 50 states had only one gasoline station -- each of the same size.The four-firm concentration ratio, based on national data, would be:
A) 0.08.
B) 0.16.
C) 0.32.
D) 1.0.
Correct Answer:
Verified
Q3: A Herfindahl index of 10,000 suggests:
A) perfect
Q16: A firm has a marginal cost of
Q18: The concentration and Herfindahl indices computed by
Q21: An industry consists of six firms with
Q22: The ranking of industries by the four-firm
Q24: According to the "feedback critique"
A)the conduct of
Q25: An industry consists of six firms with
Q26: The causal view of the industry believes
Q27: Suppose that there are two industries, A
Q40: As a general rule of thumb,industries with
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