If factors of production cannot flow between countries
A) there is no reason to expect that wages should be equal worldwide.
B) multinational corporations would not exist.
C) trade in goods could still occur.
D) All of the above.
D
Economics
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If there are five firms in an industry, each with a market share of 20 percent, the Herfindahl-Hirschman Index (HHI) of concentration is
A) 2000. B) 400. C) 100. D) 20.
Economics
Given the data in the above table, the marginal revenue curve
A) lies below the demand curve. B) lies above the demand curve. C) intersects the demand curve. D) is equal to the demand curve.
Economics