In a Contestable Market the Herfindahl-Hirschman Index Is ________ and the Market

question 61

Multiple Choice

In a contestable market the Herfindahl-Hirschman Index is ________ and the market behaves as if it is ________.

• A)low;perfectly competitive
• B)low;a monopoly
• C)high;perfectly competitive
• D)high;a monopoly
• E)zero;perfectly competitive

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Definitions:

Grams

A metric unit of mass equal to one thousandth of a kilogram.

Suggested Retail Price

The retail price recommended by the manufacturer for the sale of a product to consumers.

Unit Retail Price

The price at which a single unit of a product is sold to consumers in the retail market.

Retail Price

The total cost at which a product or service is sold to the end consumer, inclusive of all markups.