What does the Herfindahl-Hirschman Index value near zero imply about the market?
a. Monopoly
b. Perfect competition
c. Monopolistic competition
d. Oligopoly
b
Economics
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If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its
A) total profits are at a maximum. B) total revenue is at its maximum. C) total revenue is rising, although marginal revenue is falling. D) total revenue is falling. E) marginal revenue is always positive.
Economics
By owning common stock in a corporation, one has the right to
a. a position on the board of directors b. a job with the company c. help manage the company d. vote at shareholder meetings e. a guaranteed profit
Economics