Question: 2 points are independently sampled from the uniform distribution on a length 4 interval. Find the probability that the minimum of the lengths of the

2 points are independently sampled from the uniform distribution on a length 4 interval. Find the probability that the minimum of the lengths of the arising three subintervals is greater than 1

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1. There are 10 firms in an industry, and each firm has a market share of 10 percent. The industrys Herfindahl index is: LO13.1 a. 10. b. 100. c. 1,000. d. 10,000.

LO14.2 Discuss how game theory relates to oligopoly.

LO14.5 Discuss the efficiency of oligopoly from societys standpoint and whether it is more or less efficient than monopoly.