An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. The firms with 8 and 7 percent market share are proposing to merge. What is the new Herfindahl-Hirschman index if the merger takes place?

Tom and Billy are playing a game. They both toss a coin simultaneously. If both are heads or tails, Tom wins. If the results of the tosses are different, Billy wins. This is an example of a(n) ________

A) prisoners' dilemma B) variable-sum game C) zero-sum game D) extensive-form game

The majority of countries in the EU are relatively small

Indicate whether the statement is true or false