Suppose a ten firm industry has total sales of $35 million per year. The largest firm have sales of $10 million, the third largest firm has sales of $4 million, and the fourth largest firm has sales of $2 million
If fifth through tenth largest firms combined have annual sales of $12 million, the four-firm concentration ratio for this industry is A) 45.7 percent.
B) 80 percent.
C) 65.7 percent.
D) none of the above.
C
Economics
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Assume that the reserve—deposit ratio is 0.2. The Federal Reserve carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action increased the money supply by $2,600,000. What is the currency—deposit ratio?
A) 0.2 B) 0.3 C) 0.4 D) 0.5
Economics
A situation in which a bidder over-values an auction item and is worse off because their bid is too high is known as the:
A) Ellsberg Paradox. B) winner's curse. C) Arrow Impossibility Theorem. D) curse of the commons.
Economics