Competency-based pay is type of pay that is similar <span>to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees.</span><span> According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title. </span>
Part A:
Given that three firms make up the entire wig manufacturing industry<span>. One has a 50% market share, and the other two
have a 25% market share each. The Herfindahl index of this industry is given by:
</span><span>The Herfindahl-Hirschman index (HHI)
is a commonly accepted measure of market concentration. It is
calculated by squaring the market share of each firm competing in a
market, and then summing the resulting numbers, and can range from close
to zero to 10,000.
Therefore, the Herfindahl-Hirschman Index is given by:

Part B:
Mane attraction, one of the firms with a 25% market share in the wig
manufacturing industry, leaves the market. This would cause the
herfindahl index for the industry to
increase.
The HHI increases as firms leaves the market. As firms leaves the market the shares of the market previously held by the leaving firms are shared amongst the remaining firms in the market thereby increasing the HHI.
For instance, assumint the firm with 50% of market share acquired additional 10% of the leaving firm's market share and the other firm with 25% acquired the remaining 15%.
The new HHI is given by:
</span><span><span>

</span>
Part C:
The largest possible value of the
herfindahl index is 10,000 because: an
index of 10,000 corresponds to a monopoly firm with 100% market share</span>.
Some of Federal Reserve powerful tools is its influence over <u>expectation</u> and not its influence over <u>supply</u>.
<h3>What is the
Federal Reserve?</h3>
It is the United states central banking system that is responsible for the nation's monetary policy and regulating the supply of money and interest rates.
Hence, the Federal Reserve powerful tools in the banking system is its influence over expectation and not its influence over supply.
Therefore, the Option D is correct.
Read more about Federal Reserve
<em>brainly.com/question/25843620</em>
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The right answer for the question that is being asked and shown above is that: "<span>the demand curve for eskom as well as the implication of the curve with regards to market power is that th</span><span>e implication of the demand will fall under the oligopoly."</span>
Answer:
violates ethical, but not legal, standards.
Explanation:
Sherman act was created to prohibit restrains on trade of any collusion by different parties to form a monopoly or control price.
The act does not however prohibit all restraints of trade, bit rather those that are very unreasonable and harmful to competition.
In the given scenario the three companies only agreed to bid lowest for the 3 project under consideration.
Their action does not give them unfair advantage over other firms and may even lead to a loss on their part.
They do not have a strategy that will guarantee an edge over other firms.
So this is an ethical violation but not a legal one.