The one category of goods that are not sold but are, nevertheless, included in GDP is
a. inventories.
b. imports.
c. consumer services.
d. exports.
a
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Suppose there are five firms in the disposable diaper market. Hug-Me's share is 30 percent. Plumper's share is 30 percent. Drippy's share is 20 percent. Kool Kid's share is 10 percent. Nappomatic's share is 10 percent
The Herfindahl-Hirschman Index in this industry is A) 100. B) 900. C) 1,350. D) 2,400.
It is difficult to determine if foreign companies are selling their products for prices below their costs of production because
A) the true costs of production are difficult to calculate. B) the firms have no legal obligation to reveal this information. C) costs are calculated in the firms' local currencies. D) domestic taxes increase the firms' costs but it is difficult to determine the incidence of these taxes.