Suppose the percentage of business sales the top firms have in some industry are respectively, 25%, 20%, 7%, 6%, 5%, and 4%. Calculate the CR(6), and determine the type of competition the industry is. Calculate the HHI
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Suppose the percentage of business sales the top firms have in some industry are respectively, 25%, 20%, 7%, 6%, 5%, and 4%. Calculate the CR(6), and determine the type of competition the industry is.
Calculate the HHI
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- X company is a monopoly. Demand equation in this market is given as: ? = 100 − 2P and total cost equation is as the following: ?? = 2? 2 + 10. Find monopoly quantity, price and profit.Duncan Multinational Corporation is a global manufacturer and distributor of household appliances. It is basedin China, United States, Trinidad, and the United Kingdom. Sixty percent (60%) of supplies are sent to variouscompaniesthroughout the four countries. It also markets its supplies through social media and brand ambassadorand retail clients can make orders over the phone and they ship the supplies upon demand.The main competition for Duncan Multinational Corporation comes from one U.S. firm and one Canadianfirm. The U.S firm and Canadian firm have approximately 45% market share in Barbados, Guyana andJamaica. The marketing and transportation costs in these countries are very high. How can high inflation rates be a demand-related factor, that may influence exchange rate movements in Jamaica and Barbados. (Tie your description to the specific Duncan Multinational Corporation case background provided here).Duncan Multinational Corporation is a global manufacturer and distributor of household appliances. It is basedin China, United States, Trinidad, and the United Kingdom. Sixty percent (60%) of supplies are sent to variouscompaniesthroughout the four countries. It also markets its supplies through social media and brand ambassadorand retail clients can make orders over the phone and they ship the supplies upon demand.The main competition for Duncan Multinational Corporation comes from one U.S. firm and one Canadianfirm. The U.S firm and Canadian firm have approximately 45% market share in Barbados, Guyana andJamaica. The marketing and transportation costs in these countries are very high.b) Does the most important factor influencing exchange rates in your Jamaica which is inflation and negative current balance differ from those that may apply in larger economies?
- Give only typing answer with explanation and conclusion The market demand for a monopoly firm is estimated to be: Qd = 100,000 - 500P + 2M + 500PR where Qd is quantity demanded, P is price, M is income, and PR is the price of a related good. The manager has forecasted the values of M and PR will be $50,000 and $20, respectively, in 2016. The average variable cost function is estimated to be AVC = 520 - 0.03Q + 0.000001Q2 Total fixed cost in 2016 is expected to be $4 million. The profit-maximizing price for 2016 is $80. $100. $260. $520. $560.Duncan Multinational Corporation is a global manufacturer and distributor of household appliances. It is based in China, United States, Trinidad, and the United Kingdom. Sixty percent (60%) of supplies are sent to variouscompaniesthroughout the four countries. It also markets its supplies through social media and brand ambassador and retail clients can make orders over the phone and they ship the supplies upon demand.The main competition for Duncan Multinational Corporation comes from one U.S. firm and one Canadian firm. The U.S firm and Canadian firm have approximately 45% market share in Barbados, Guyana and Jamaica. The marketing and transportation costs in these countries are very high.Section 1a) Duncan Multinational Corporation plans to penetrate either the Jamaican, Barbados or Guyana market.Discuss two factors that deserve to be considered in deciding which market is more feasible?b) Discuss a demand-related factor and supply-related factor, that may influence exchange rate…Aubree Multinational Corporation is a large manufacturer and distributor of pharmaceutical supplies. It is based in the United States (New York-Headquarters), Trinidad, Jamaica and the United Kingdom. It sends supplies to various companies throughout the four countries. It markets its supplies through periodic mass mailings of catalogues to those companies. Its clients can also make orders over the phone and they ship the supplies upon demand. The main competition for Aubree Multinational Corporation in the United States comes from one U.S. firm and one Canadian firm. A British firm has a small share of the U.S. market but is at a disadvantage because of its distance. The British firm’s marketing and transportation costs in the U.S. market are relatively high. In Jamaica and Trinidad, they have approximately 80% of the market share. b) Given that one-third of the company sales are exports to the United Kingdom and invoices for exports are in US dollars, the demand for its exports…
- Natural-ExP is a unique company that is dedicated to making day trips to the Nevado de Toluca. The service includes transportation, food and guide service. Being the number of tickets sold, if the cost function of serving a new customer is Cmg = 20q, the marginal revenue function Img = 600−40q and the demand is q = (600 − p) /20. Under this scenario, what is the price of the excursion. $400 $600 $300 $100similarities between perfect competition and monopoly. Words count:150-200A firm has $1.5 million in sales, price is $116.28 and a marginal cost of$50, and competes against 800 other firms in its relevant market. Calculate the Lerner index.
- You have just been hired as the assistant manager at the local Dick’s Sporting Goods store. Your first assignment is to determine the demand curve and the marginal revenue curve for the new Schwinn elliptical machine. You conduct a six week price experiment and accumulate the following data. Use the information in the table to graph the demand and marginal revenue curves.An auto part manufacturer sells six different parts to automobile companies: spot lights (A), break lights (B), headlights (C), thermostat (D), fan ditch (E), and battery (F). Demand is expected to be within 2,000, 1,500, 1,800, 1,200, 1,000 and 1,000 units of each of the auto parts, respectively. The table that follows summarizes the revenues and material costs for each product: Auto Parts Produced A B C D E F Price per Unit 200 120 180 200 430 260 Material Cost per Unit 35 25 40 45 170 60 Each of these auto parts needs to be tested before being sold. Specifically, there are three different tests the protocol requires each part passes, before completing the quality check. Appropriate testing equipment is required for each test: T1, T2 and T3. Equipment T1 and T2 are available 100 hours per week each, while T3 is available only 80 hours per week. The time (in minutes) required per device for each of the three tests is…An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. According to the general rule of thumb, the HHI of this industry implies that the market structure is: a. competitive. b. noninclusive. c. monopoly. d. noncompetitive.