One major consequence of the federal government's deregulation of the trucking industry was
A) a sudden and large financial loss for owners of trucking firms.
B) fewer jobs for truck drivers.
C) higher prices paid by shippers.
D) less competition for railroads and barge lines.
E) predatory pricing in the trucking industry.
A
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An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. The firms with 8 and 7 percent market share are proposing to merge. What is the new Herfindahl-Hirschman index if the merger takes place?
A) 225 B) 1462 C) 1692 D) 1804
The firm represented by the diagram would maximize its profit where:
A. curves (2) and (1) intersect.
B. curve (1) touches the horizontal axis for the second time.
C. the vertical distance between curves (3) and (4) is the greatest.
D. curves (3) and (4) intersect.