The Herfindahl index:
A. measures the prices charged by oligopolistic manufacturers.
B. is another name for the four-firm concentration ratio.
C. tells us whether oligopolistic firms are engaging in collusion.
D. gives much greater weight to larger firms than to smaller firms in an industry.
Answer: D
You might also like to view...
Which of the following is true of exports and imports? a. Both imports and exports are added to a nation's gross domestic product (GDP)
b. Both imports and exports are subtracted from a nation's gross domestic product (GDP). c. Imports are added and exports are subtracted from a nation's gross domestic product (GDP). d. Exports are added and imports are subtracted from a nation's gross domestic product (GDP). e. Neither imports nor exports are included in a nation's gross domestic product (GDP).
A decrease in demand coupled with a decrease in supply results in a(n)
a. increase in equilibrium price and a decrease in equilibrium quantity b. decrease in equilibrium price and a decrease in equilibrium quantity c. increase in equilibrium price and a increase in equilibrium quantity d. ambiguous effect of equilibrium price and a decrease in equilibrium quantity e. ambiguous effect on equilibrium price and a increase in equilibrium quantity