An industry consists of three firms with sales of $310,000, $725,000, and $405,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Enter your response rounded to the nearest integer.
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- An industry consists of three firms with sales of $225,000, $45,000, and $315,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Enter your response rounded to the nearest integer. b. Calculate the four-firm concentration ratio (C4). Solve all this question......you will not solve all questions then I will give you down?? upvoteEconomics An industry consists of three firms with sales of $25, $45, and $55.a. Calculate the Herfindahl-Hirschman index (HHI).Instruction: Enter your response rounded to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $25 and $45?Economics An industry consists of three firms with sales of $25, $45, and $55.a. Calculate the Herfindahl-Hirschman index (HHI).Instruction: Enter your response rounded to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $25 and $45? Plz solutions part B and C
- A firm has #1.5million in sales, a Lerner index of 0.57, a marginal cost of #50, and competes against 800 other firms in its relevant market. a. What price does this firm charge its customers. b. By what factor does this firm mark up its price over marginal cost c. Do you think this firm enjoys much market power? Explain.Newmont Mining, the world’s largest producer of gold, has a problem. An Australian gold mining company called Regis Resources, in which Newmont owns a substantial shareholding, is underperforming. The three current directors of Regis Resources are taking too long to develop the Duketon Gold Project, a new mine in Western Australia considered to be Australia’s greatest undeveloped gold mine. Gold prices are surging at the moment but Newmont fears the prices will fall again by the time the Duketon Gold Project is producing gold and by then the opportunity to make larger profits will be lost. Suggest , two strategies Newmont Mining could implement to resolve the problem with Regis Resources2017 International Practice Exam FRQ Joyce owns a gas station and monopolizes gas sales along a remote stretch of road. In February, Joyce stayed open even though she earned negative economic profits. a. Draw a correctly labeled graph for Joyce's gas station during February and show each of the following. i. The profit-maximizing output and price, labeled QJ and PJ ii. The average total cost curve, labeled ATC iii. Deadweight loss, completely shaded b. What must have been true for Joyce to continue operating during the month of February even though she earned negative economic profit? c. Assume that fixed costs for Joyce's gas station decrease. Would Joyce's profit-maximizing quantity increase, decrease, or stay the same in February? Explain. d. During the month of July, demand increases so that Joyce now earns a positive economic profit. However, she realizes her profits would have been higher if she had reduced the price of gasoline. i. At the quantity sold in July, was marginal…
- Market shares of mat makers are in the table below. Firm Market Share (Percent) Made-to-last, Inc 20 Big Wheel, Inc 17 Magic Carpet, Inc 22 Supreme, Inc 17 Copra, Inc 24 1. Calculate the Herfindahl-Hirschman Index“A strategic group is the group of firms in an industry followingthe same or a similar strategy” (Porter, 1980, p. 129). Describeand critically evaluate a tool that can be used to identify andanalyse strategic groups, using appropriate literature.Determine the type of market structure and state your reasons. Perfect Picture Cameras: Perfect Picture Cameras is a national camera company. It competes with a couple of other national camera companies. In order to gain an upper hand in the market, Perfect Picture Cameras has differentiated its camera by including an automatic focus and flash. Perfect Picture Cameras has the ability to raise its prices because of its unique features. However, federal regulators are always watching the company to ensure that no collusion occurs with other camera companies.
- The Australian airline industry is largely dominated by Qantas, Virgin Blue and Jetstar with a market share of about 90%. Answer the questions below. a) What is the market structure in which Qantas, Virgin Blue and Jetstar operate in Australia? Explain your answer using the market structure characteristics for the 3 firms (Qantas, Virgin Blue and Jetstar) b) Use a figure to explain what you understand by the term “Kinked demand curve” for Qantas, Virgin Blue and Jetstar market structure.Type out the correct answer ASAP with proper explanation of it within 40 50 minutes.will give you thumbs up only for the correct answer. Thank you Inverse market demand is: P = 1,000 - (Q1+ Q2). Costs for each firm are identical and given by: Ci(Qi) = 4Qi The profit earned by the leader in a Stackelberg oligopoly equals $ What is Q1? What is Q2? What is PriceHypercompetition in the Australian retail sector By Dr Saalem Sadeque, Central Queensland University The Australian supermarket and grocery industry can be aptly described as hypercompetitive. In 2018–2019, the retail industry in Australia generated $103.4 billion of revenue and $4.2 billion of profit. The duopoly of Coles and Woolworths is being increasingly challenged by newer and leaner competitors such as ALDI and Costco, which have entered the industry with different business models designed to provide customers with value for money. One of the relatively newer players in the Australian retail industry is Costco Wholesale Australia, which is a subsidiary of the US-based Costco Wholesale Corporation. Costco has established 11 stores in Australia based in Victoria, New South Wales, Queensland, South Australia and the Australian Capital Territory, with plans to open two more stores in Western Australia in 2020. According to Patrick Noone, the managing director of Costco Australia,…
