The measure of market power that focuses on the share of the market controlled by the X largest firms in the market is known as:
A) the Lerner Index.
B) the Herfindahl-Hirschman Index.
C) the Minimum-Efficient Scale Index.
D) a concentration ratio.
D
Economics
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If, in response to a decrease in the price of coffee, the quantity of coffee demanded increases, economists would describe this as
A) an increase in consumers' taste for coffee. B) an increase in quantity demanded. C) a change in consumer income. D) an increase in demand.
Economics
Microsoft is accused of which anti-competitive practice?
a. interlocking directorates b. illegal "bundling" of products c. exclusive contracts d. predatory pricing
Economics