The quantity of iPads that people plan to buy this month depends on all of the following EXCEPT the
A) price of a rival's tablet.
B) price of an iPad.
C) the technology used to produce an iPad.
D) price of apps.
C
Economics
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The four largest firms in an industry account for the following value of industry revenues: 12 percent, 8 percent, 5 percent and 4 percent. Calculate the four-firm concentration ratio. Would this industry be regarded as competitive or concentrated?
What will be an ideal response?
Economics
The Great Depression is thought to have been prolonged and made deeper by
A) contraction of the money supply. B) the stock market crash. C) speculative behavior of investors. D) rapid inflation.
Economics