Refer to the data. If all the firms in the industry merged into a single firm, the Herfindahl index would become:

The deleveraging of financial institutions led to the financial crisis of 2007-2008 sometimes also referred to as the _____

a. stock crisis b. debt crisis c. stock market bubble d. bank run e. credit crisis

To an economist, freeway congestion is a sign that the price to drive on the freeway is

A) below its equilibrium level. B) at its equilibrium level. C) above its equilibrium level. D) either a or c E) none of the above