srutkowske9629 srutkowske9629

26-06-2024
Business

Answered

The Herfindahl index of the coal industry is approximately 0.08. This indicates that the market

a. is monopolistic.
b. exhibits a high degree of concentration.
c. exhibits a low degree of concentration.
d. is PERFECTLY competitive.
e. has 8% pricing power.

Answer :

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