The Equal Employment Opportunity Commission was established by
a. the Social Security Act
b. the Reagan administration
c. the Civil Rights Act
d. the Equal Rights Amendment
e. the Wagner Act
C
Economics
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Monopolistic competition is defined as a type of market structure where
A) many firms produce the good. B) firms produce a homogeneous good. C) there are barriers to entry. D) firms can earn positive profit in the long run.
Economics
If you sum the squares of the market shares of each firm in an industry (as measured by percent of industry sales), you are calculating the:
A. four-firm concentration ratio. B. Herfindahl index. C. degree of collusion. D. Lerner index.
Economics