Suppose that an industry consists of 10 firms, and the top 4 firms have annual sales of $2.5 million, $2 million, $1.5 million, and $1 million, respectively
If the entire industry has annual sales of $10 million, the four-firm concentration ratio is A) 85 percent.
B) 50 percent.
C) 10 percent.
D) 70 percent.
D
Economics
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Julie is the chief executive officer (CEO) of the Black Gold Corporation and is also on the company's board of directors. Julie is considered ________ of the corporation
A) an outside director B) a stockholder C) an owner D) an inside director
Economics
The welfare loss from an import quota is greater than that of an equivalent tariff because
A) tariff revenues can be used to society's benefit. B) the loss in consumer surplus is not as large. C) domestic producers gain more from a quota than from a tariff. D) tariff revenues represent an additional deadweight loss.
Economics