erTest.aspx?testld=245040635¢erwin=yes Anthony Campos 10/09/22 2:34 PM This quiz: 10 point(s) Question 4 of 10 possible This question: 1 Submit quiz point(s) possible If there are four firms in an industry with market shares of 50 percent, 40 percent, 5 percent, and 5 percent, the Herfindahl - Hirschman Index is O A. 3450. O B. 100. O C. 25. O D. 4150. O E. undefined because there are not 50 firms in the industry. Next/PlayerTest.aspx?testId=245040635¢erwin=yes Anthony Campos 10/09/22 2:35 PM This quiz: 10 point(s) Question 5 of 10 possible This question: 1 Submit point(s) possible The United Company competes with many other firms each producing slightly different products. Firms freely K exit this industry. The type of industry United Company operates in is O A. oligopolistic monopoly O B. perfect competition O C. monopolistic competition O D. oligopoly O E. a monopoly NePlayer Test. aspx?testId=245040635¢erwin=yes Anthony This qui Question 6 of 10 possible This que point(s) For a monopolistically competitive firm, the demand curve K O A. has a negative slope. O B. is a horizontal line. O C. is vertical O D. is the same as the marginal revenue curve. O E. has a positive slope. /Player.aspx?cultureld=en-us&theme=econ&style=highered&disableStandbyIndicator=true&aAnthony Cam This quiz: 10 Question 7 of 10 possible This question point(s) possible Entry and exit continue in monopolistic competition until the remaining firms are A. producing the normal amount of product differentiation. O B. earning less than a normal profit. O C. earning zero economic profit. O D. incurring an economic loss. O E. earning an economic profit.0 X ent/Player Test. aspx?testld=245040635¢erwin=yes Anthony Campos 10/09/22 2:36 PM This quiz: 10 point(s) Question 8 of 10 possible This question: 1 Submit quiz point(s) possible Bounty paper towels is an example of a good produced in market. This means that the firm engage in K advertising, which will O A. a perfectly competitive, will not; create an efficient outcome O B. a monopolistically competitive, will; increase average total cost O C. an oligopolistic; will not; create an efficient outcome O D. a monopolistically competitive, will; not change average total cost O E. a perfectly competitive, will; increase average total cost Next layer/Player.aspx? cultureld=en-us&theme=econ&style=highered&disableStandbyIndicator=true&assignmentHandlesLocale=true#