Which of the following policies is designed specifically to directly promote technological change in an economy?
A) laws to strengthen property rights
B) government subsidization of research and development
C) tax incentives to promote investment in 401K plans
D) a vaccination program to combat infectious diseases
B
Economics
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An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and 10 percent. What is the Herfindahl-Hirschman Index?
What will be an ideal response?
Economics
Which of the following market structures is considered a differentiated products market?
a. Perfect competition b. Monopolistic competition c. Monopoly d. Both a and b are differentiated products markets.
Economics