If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be

Government intervention in agriculture began in the United States in the 1890s

Indicate whether the statement is true or false

The ____ is equal to the sum of the squares of the market shares of all the firms in an industry

a. market concentration ratio b. Herfindahl-Hirschman index c. correlation coefficient d. standard deviation of concentration e. none of the above