A Herfindahl index value of 20, for a particular industry, indicates that the industry is most likely to be:
a. perfectly competitive.
b. highly concentrated.
c. oligopolistic.
d. monopolistic.
e. made up of illegal firms.
a
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A barter system of payment is
A) different from a money system of payment because money does not require a double coincidence of wants. B) similar to a money system of payment because both require a double coincidence of wants. C) different from a money system of payment because the barter system is a better unit of account. D) similar to a money system of payment because both use one asset as a unit of account. E) similar to a money system of payment because both are used as stores of value and units of account.
Explain the relationship between the market interest rate and the amount of investment a firm will undertake
What will be an ideal response?