Which statement is true?
A. Industry X has a Herfindahl-Hirschman Index of 2400.
B. Industry X has an H-H-I of 100.
C. Industry X has an H-H-I of 80.
D. Industry X has an H-H-I of 1,000.
A. Industry X has a Herfindahl-Hirschman Index of 2400.
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Whenever a price ceiling is imposed in a market,
a. quantity demanded exceeds quantity supplied and a surplus results b. quantity demanded exceeds quantity supplied and a shortage results. c. quantity supplied exceeds quantity demanded and a surplus results. d. it is necessary to know whether the ceiling is imposed above or below the equilibrium price in order to determine whether the quantity traded will be affected.
Demand deposits $125,000,000 Time deposits: Original maturity (less than 18 months): $1 billion Original maturity (18 months or more): $500 million Use the information above to find this bank's required reserves.
What will be an ideal response?