As concentration in an industry increases, the Herfindahl index falls

a. True
b. False

B

Economics

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Potential GDP is an estimate of the economy's ability to produce goods and services if the

a. labor force is fully employed. b. price level is stable. c. trade balance is zero. d. federal budget is balanced.

Economics

Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200  600  61,000  700  9  800  80012  600  90015  4001,000Refer to Table 3.1. In this market there will be an excess demand of 300 pizzas at a price of

A. $6. B. $9. C. $12. D. $15.

Economics