Quiz 6_Economics.docx - Quiz 6 QUESTION 1 The industry...

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Quiz 6 QUESTION 1 The industry elasticity of demand for telephone service is -2, while the elasticity of demand for a specific phone company is -5. What is the Rothchild index? 0.4 0.2 0.7 0.9
5 points QUESTION An unregulated industry has a Lerner index of zero. These numbers: 2
5 points QUESTION 3 An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. What is the industry's HHI?
5 points QUESTION 4 A frozen food company buys a fresh food company. This takeover is an example of :

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