Suppose That the Demand in a Particular Industry Is Given

question 70

Multiple Choice

Suppose that the demand in a particular industry is given by Q^d = 500 − 2P.When the market price in the industry is $50 per unit,total demand in the industry is _________.Furthermore,assume that the entire market consists of four firms that share the market equally.The HHI under these conditions is then _________.

• A) 225 units; 1,600
• B) 400 units; 2,500
• C) 225 units; 3,333.33
• D) 400 units; 10,000

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Definitions:

High-performance Organization

An organization characterized by significantly higher productivity and efficiency compared to its competitors.

Occupational Intimacy

The closeness and personal connection that individuals may develop with their work, colleagues, or professional environment.

Policies

Guidelines or rules established by organizations or governments to direct actions and decisions.

Employees' Needs

The physiological, security, social, esteem, and self-actualization requirements of employees that, when met, can lead to higher motivation and job satisfaction.