The table above lists the market shares of the twenty makers of personal computers. Based upon the Herfindahl-Hirschman Index for this industry, the Justice Department would
A) regard the industry as highly concentrated.
B) be against any two firms merging.
C) consider the market oligopolistic.
D) regard the industry as competitive.
D
Economics
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If a bank customer deposits $100 in cash, and the bank lends $90 of that deposit to another customer by crediting $90 to her account:
A. the money supply has increased by $190. B. the money supply has increased by $90. C. the money supply has decreased by $10. D. the money supply has not changed.
Economics
The yield to maturity for a perpetuity is a useful approximation for the yield to maturity on long-term coupon bonds. It is called the ________ when approximating the yield for a coupon bond
A) current yield B) discount yield C) future yield D) star yield
Economics