Which of the following has the highest Herfindahl-Hirschman index?
A) monopoly
B) monopolistic competition
C) oligopoly
D) any of the above, depending on the size of firm sales
Answer: A
Economics
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Because of the number of firms in monopolistic competition,
A) each firm has a large market share. B) it is possible for the firms to collude. C) no one firm can dominate the market. D) one firm has the ability to dictate market conditions. E) each firm must carefully monitor what its competitors do.
Economics
When quantity supplied and quantity demanded are not the same in a market:
a. supply shock b. shortage c. excess supply d. disequilibrium e. search costs
Economics