The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of ____

a. market concentration
b. income distribution
c. technological progressiveness
d. price discrimination
e. none of the above

a

Economics

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A risk averse individual

a. values a lottery at more than its expected value b. values a lottery at exactly its expected value c. values a lottery at less than its expected value d. tends to play lots of lotteries

Economics

The opportunity cost of capital is:

a. the cost of labor inputs required to operate that capital. b. the cost of raw materials necessary to put that capital to work. c. the payment necessary to keep that capital from moving to an alternative use. d. the costs of maintenance necessary to keep that capital operating. e. the cost of hiring more units of capital to generate additional units of output.

Economics