Answer Happy

QUESTION 14 There are four firms in the cement industry in Richland. Firm A has a market share of 30%, Firm B has a market share of 20%, and Firm C has a market share of 25%. The Herfindahl-Hirschman Index for the cement industry is 1925 2550 25 4000 QUESTION 15 Scenario: The market demand for soccer balls in a small town is 2,500 units. There are two rival sports brands selling soccer balls – “Sporty” and “Go!". The products of the two brands are identical. The quantity demanded for Sporty's soccer balls is 2,500 units if Ο Ο Ο Ο the price charged by Go! is higher than the unit cost of producing a ball the price charged by Sporty is higher than the price charged by Go! the price charged by Go! is higher than the price charged by Sporty the price charged by Sporty is equal to the price charged by Go!