Chapter 11: Problem 24
What is deregulation? Name some industries that have been deregulated in the United States.
Chapter 11: Problem 24
What is deregulation? Name some industries that have been deregulated in the United States.
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Get started for freeDo you think it is possible for government to outlaw everything that businesses could do wrong? If so, why does government not do that? If not, how can regulation stay ahead of rogue businesses that push the limits of the system until it breaks?
How do we measure a Herfindahl-Hirshman Index? What does a low measure mean about the extent of competition?
What might some of the negatives of deregulation be?
What would be evidence of serious competition between firms in an industry? Can you identify two highly competitive industries?
Is it true that a merger between two firms that are already in the top four by size can affect both the four-firm concentration ratio and the Herfindahl- Hirshman Index? Explain briefly.
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