All of the following are measures of market power except the:
A) Lerner Index.
B) Minimum-Efficient Scale Index.
C) four-firm concentration ratio for an industry.
D) Herfindahl-Hirschman Index.
B
Economics
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The figure above shows the housing market in the city of Appleville. A rent ceiling of $650 per month is imposed. With the rent ceiling, the deadweight loss in the Appleville housing market is
A) zero. B) at least $15,000 per month. C) at most $7,500 per month. D) 300 units per month.
Economics
Personal income can never be greater than national income
Indicate whether the statement is true or false
Economics