b) Problems: 1 and 5.
Froeb and McCann's Chapter 10: a)
Individual problems: 10-4.
Salvatore’s Chapter 11: a) Discussion Questions: 11,12 and 13. b) Problems: 2, 6, and 10.
Froeb and McCann's Chapter 15: a) Individual problems: 15-4 and 15-5.
Discussion Question 2: (a) What are the advantages of the Herfindahl index over concentration ratios in measuring the degree of concentration in an industry? (b) What is the disadvantage of both? DQ3: What is the difference between limit pricing and contestable markets?