Suppose an industry A is made of four identical firms with the same level of sales. Calculate the Herfindahl-Hirschman index (HHI) of the industry A. Now, assume another industry B consists of three firms with sales of $100,000 $300,000 and $600,000. b. Calculate the Herfindahl-Hirschman index (HHI) of industry B. c. Calculate the four-firm concentration ratio (C4) of industry B.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.

Jorge is attending college next year. he just got information on the college costs and the financial aid package the college is offering. jorge knows his parents can contribute $4,500 each year. jorge’s college costs & financial aid package per year costs financial aid package tuition & fees grants & scholarship $26,000 $18,500 room & board work-study $12,500 $8,500 how much will jorge need to pay each year from his own savings and from loans? $3,000 $7,000 $7,500 $11,500