After much consideration, you have chosen Cancun over Ft. Lauderdale as your Spring Break destination this year. However, Spring Break is still months away, and you may reverse this decision. Which of the following events would prompt you to reverse this decision?
a. The marginal benefit of going to Cancun increases.
b. The marginal cost of going to Cancun decreases.
c. The marginal benefit of going to Ft. Lauderdale decreases.
d. The marginal cost of going to Ft. Lauderdale decreases.
d
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Approximately what percentage of total health care spending goes toward physicians' services?
a. One-tenth. b. One-fifth. c. One-fourth. d. One-third. e. One-half.
To calculate the Herfindahl index,
a. add the market shares of all firms in an industry b. add the market shares of any four firms in an industry and then square them c. add the market shares of the four largest firms in an industry d. square the market shares of all firms in an industry and then add them e. square the market shares of the four largest firms in an industry and then add them