There are frequently market solutions that the government can use to deal with externalities
a. True
b. False
Indicate whether the statement is true or false
True
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If the Herfindahl index is the same in two industries, we can conclude that
a. the number of firms in each industry is the same b. there must not be the same number of firms in the two industries c. the sum of the squared market shares of all firms is the same in the two industries d. there must be an identical distribution of market share among firms in the two industries e. there must be a different distribution of market share among firms in the two industries
When the money market is drawn with the value of money on the vertical axis, the value of money decreases if
a. either money demand or money supply shifts right. b. either money demand or money supply shifts left. c. money demand shifts right or money supply shifts left. d. money demand shifts left or money supply shifts right.