Comprised of six firms of varying sizes. firm 1 has 35 percent of the market, firm 2 has 25 percent, and the remaining firms have 10 percent each. what is the herfindahl-hirschman index for the widget industry? based on the u. s. department of justice merger guidelines, do you think the justice department would be likely to block a merger between firms 5 and 6? why, or why not?

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.

When filling out paperwork after you've been hired, you must have a: a. hiring sheetb. driver's licensec. social security numberd. copy of your transcript

The castle river wind farm in alberta, canada, operates 67 wind turbines and produces 125 million kilowatt-hours of electricity - enough to serve 20,000 homes. why do you suppose the company erected 67 turbines, rather than, say, 50 or 100?