If there are two firms in an industry and each has 50 percent market share, then the Herfindahl-Hirschman Index equals

A monopolist that maximizes total revenue earns maximum economic profit

a. True b. False Indicate whether the statement is true or false

Differing productivities, differences in working conditions, and localized employer market power are some of the reasons which explain differences in individual wages

Indicate whether the statement is true or false