The U.S. Justice Department, on the basis of the Herfindahl index, classifies the industries with the value:
a. below 500 as highly competitive; 500-1000 as moderately competitive; and above 1000 as highly concentrated.
b. below 1000 as highly competitive; 1000-1500 as moderately competitive; and above 1500 as highly concentrated.
c. below 500 as highly competitive; 500-1500 as moderately competitive; and above 1500 as highly concentrated.
d. below 1000 as highly competitive; 1000-1800 as moderately competitive; and above 1800 as highly concentrated.
e. below 1500 as highly competitive; 1500-2000 as moderately competitive; and above 2000 as highly concentrated.
d
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Summarize the effects of a production quota on the market price and the quantity produced
What will be an ideal response?
Which of the following is not an adjustment made when comparing standards of living across countries?
A. Converting each country's GDP into U.S. dollars B. Dividing each country's GDP by the size of its population C. Adjusting for different price levels across countries D. Adjusting for different unemployment rates across countries