Question 8 This firm will produce a quantity of Type your answer as a number. Do notluse the $ sign.
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Question

Hello, I would really appreciate some help with this 7 questions. I already answered a few ones but I do not know

if they are correct, so I need help with the 7 of them.

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2019-10-01 (27).png

Question 8
This firm will produce a quantity of
Type your answer as a number.
Do notluse the $ sign.
$16
MC
ATC
12
10
Price
8
D
MR
100 200 300 400 500 600 700 800
Output

2019-10-01 (28).png

Question 9
Which of the following is a characteristic of the monopolistic competition market structure?
O Many firms and differentiated products
O Few firms and differentiated products.
Few firms and a homogeneous product.
O all choices are correct
O Many firms and a homogeneous product.

2019-10-01 (29).png

Question 10
1 poi
The Wheeler-Lea Act of 1938 empowered the Federal Trade Commission to
O regulate the trucking and railroad industries
O deal with anticompetitive mergers that occurred as a result of one company acquiring the physical assets of another company.
O deal with unfair methods of competition and to determine which actions taken by businesses were too aggressive.
O deal with false and deceptive advertising.

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Question 11
The first major piece of antitrust legislation was the
Type the correct answer
gan-Bush Act. Sherman Act.

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Question 12
The fast-food industry is an example of which type of industry:
perfect competition, monopolistic competition, oligopoly, or monopoly?
Type the correct answer

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Question 13
Market Shares
Firms
Year 1
Year 2
Year 3
Year 4
Year 5
A
34.5%
50%
3096
259%
2096
B
25.5%
25%
2596
25%
2096
C
17.59%
1596
2096
20%
20%
D
12.596
596
156
209%
20%
E
109%
596
1096
1096
2096
Total
100%
100%
100%
100%
100%
Based on the information shown, what is the Herfindahl-Hirschman Index for Year 17
Type your answer as a number.

2019-10-01 (33).png

Question 14
The primary purpose of antitrust legislation is to:
O protect the competitiveness of U.S. business.
O ensure American labor is paid a fair wage.
protect the prices of American-made products.
protect small business.
O ensure firms earn only a fair profit.

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