A U.S. firm produces sweatshirts in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the sweatshirts to consumers. In which quarter(s) does(do) these transactions raise consumption?

The supply curve indicates the minimum quantity that a producer would be willing to supply at alternative prices

Indicate whether the statement is true or false

The measure of market power that focuses on the share of the market controlled by the X largest firms in the market is known as:

A) the Lerner Index. B) the Herfindahl-Hirschman Index. C) the Minimum-Efficient Scale Index. D) a concentration ratio.