Refer to Scenario 5.7. As a risk-neutral executive, Natasha
A) is indifferent between projects D and E.
B) prefers project E to project D, but do not necessarily consider E the best.
C) prefers project E to all other projects.
D) seeks the highest "profit if successful" of all the projects.
E) seeks the project with the most even odds.
A
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Refer to Edgeworth Box Economy. In an Edgeworth box, points within the region of mutual advantage represent allocations that
a. can be achieved by a competitive market. b. both consumers prefer to the initial endowment. c. exhaust the potential gains from trade. d. are Pareto optimal.
In the market for bottled water, Fresh Springs has a 30 percent share of the market, Swiss Springs has a 27 percent share, L'eau de France has a 13 percent share, and Mountain Water has a 10 percent share
The rest of the market consists of 20 firms with a 1 percent share of the market each. What is the value of the Herfindahl-Hirschman index? A) 2,418 B) 80 C) 1,918 D) 2,818