Which of the following is used to measure market structure and performance?
A) Four-firm concentration ratio
B) HHI (Herfindahl-Hirschman index)
C) Dansby-Willig Performance index
D) All of the answers are correct.
Correct Answer:
Verified
Q12: A Herfindahl index of 0 suggests:
A) monopoly.
B)
Q13: In perfect competition,which is NOT true?
A) Every
Q14: The concentration and Herfindahl indices computed by
Q15: Monopolistic competition is characterized by:
A) heterogeneous products.
B)
Q16: A firm has a marginal cost of
Q18: An industry is comprised of 20 firms,each
Q19: Which of the following are measures of
Q20: The industry elasticity of demand for gadgets
Q21: According to the "feedback critique":
A) the conduct
Q22: An industry consists of six firms with
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