Question
If an industry evolves from monopolistic competition to pure competition, we would expect A- Herfindahl Index to increase B- barriers to entry to tighten. C-
If an industry evolves from monopolistic competition to pure competition, we would expect
A- Herfindahl Index to increase
B- barriers to entry to tighten.
C- the four-firm concentration ratio to increase.
D- the four-firm concentration ratio to decrease.
E- Herfindahl Index remains the same
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
