Refer to the data. If Firm B merged with Firm C, the industry's four-firm concentration ratio would ____ and its Herfindahl index would ____.
A. rise; rise
B. fall; rise
C. remain the same; rise
D. remain the same; fall
A. rise; rise
Economics
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The overall volume of daily currency trade was __ in 2007.
a. $3.2 billion b. $32 billion c. $320 trillion d. $320 billion
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The typical marginal cost curve faced by monopolists is U-shaped, whereas the average cost curve is upward sloping
a. True b. False Indicate whether the statement is true or false
Economics