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Juliette [100K]
3 years ago
9

Forey, Inc. competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered

this industry and, as a consequence, Forey is earning a return on investment that roughly equals the interest rate. Furthermore, the four-firm concentration ratio and the Herfindahl-Hirschman index are both quite small, but the Rothschild index is significantly greater than zero. based on this information, which market structure best characterizes the industry in which Forey competes? Explain.
Business
1 answer:
crimeas [40]3 years ago
4 0

Answer:

The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.

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castortr0y [4]

Answer:

Which of the following American groups benefited the most from China's turn toward capitalism?

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Explanation:

In order to understand it completely, first of all there is need to understand what actually happens in Capitalism.

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Maslowich

Answer:

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enyata [817]

Answer:

d) identify who will be the master of ceremonies

Explanation:

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One of the first activities carried out during the operations or development phase should be to establish his/her work team (including master of ceremonies).

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