Suppose that the most popular car dealer in your area sells 4 percent of all vehicles.

instructions: enter your answers as whole numbers.

a. if all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the herfindahl index could possibly take for car dealers in your area? .

b. in that same situation, what would the four-firm concentration ratio be? percent.

Please find the detailed answer as follows:

Explanation:

a. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area?

Herfindahl index- 400 Largest ((4 squared) * 25) If all other car dealers sold as much as the number one car dealer i.e 4%, so all car dealers in this industry sell at 4% which would allow only for the 25 firms (25=100% (total) divided by 4).

b. In that same situation, what would the four-firm concentration ratio be? percent

Four-Firm concentration ratio would be 16% [16= (4 (%) * 4 (top four firms)] because all firms sell at 4%, therefore the top four firms would be at 4%.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

d. to get countries or companies to stop doing something objectionable.