Assume six firms comprising an industry have market shares of 30, 30, 10, 10, 10, and 10 percent. The Herfindahl index for this industry is:

If a union is unable to increase the demand for its workers, then success at raising the wage rate paid its members means that

A) all union members receive a higher wage. B) some union members will lose their jobs. C) more union members will be hired. D) the union will push for a decrease in the minimum wage.

Why aren't all people paid the same amount in factor payments for the resources they provide?

What will be an ideal response?