Ten firms compete in a market to sell product X. The total sales of all forms selling the          product are $2 million. Ranking the firm’s sales from highest to lowest, we find the top four          firms’ sales to be $260,000, $220,000, $150,000 and $130,000 respectively. Calculate the           four-firm concentration ratio in the product for X.

Q: Ten firms compete in a market to sell product X. The total sales of all firms selling the product…

A: here we calculate the four firm concentration ratio in the market for product X by the following…

Q: If market share for five cleaning service companies are 8%, 13%, 6%, 25%, and 48%, the four firm…

A: The market share for five cleaning service companies are 8%, 13%, 6%, 25%, and 48%.

Q: A homogenous product is produced by two rival firms. The firms have the same costs. The demand faced…

A: Given information Demand functionQ1 =40-P1+0.5P2 Q2=40-P2+0.5P1 TC1=50Q1 TC2=50Q2

Q: If a firm doesn’t engage in a formal collusive agreement with other firms, give two examples of…

A: Collusion refers to working together of rival firms. This occurs as firms try to earn high profits.…

Q: Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms have…

A: 4 firms have sale of = $ 10 Total sale = 10 *4 = 40 There are two more firms having sales of = $ 5…

Q: Calculate the 4 firm concentration ratio in a Market where the top 4 firm's have share in the market…

A: # THE FOUR FORM CONCENTRATION RATIO IS GIVEN BY THE SUM OF MARKET SHARE OF THE TOP FOUR FIRMS…

Q: Assume there are six companies in a certain industry. Four companies have $10 sales apiece, while…

A: Given; Number of companies in the industry= 6 Sales of firm 1= $10 Sales of firm 2= $10 Sales of…

Q: Consider a market with four firms. Suppose the first firm has a 39% market share, the second firm…

A: The HHI (Herfindahl-Hirschman Index) shows the market concentration and competitiveness. It is…

Q: The market shares of the top five firms in the dishware industry are 20%, 28%, 11%, 14%, and 8%.…

A: Answer;       Four firm concentration ratio measures the market share of the top four firms in terms…

Q: Market Share Firm (%) A 20 20 C 20 D 20 E 10 F 10 The four-firm concentration ratio for the industry…

A:

Q: You are the manager in a market composed of eight firms, each of which has a 12.5 percent market…

A: a. The premerger Herfindahl-Hirschman index (HHI) for this market can be calculated as follows:…

Q: Suppose the market shares of Cola-Cola, Pepsi, Anheuser-Busch, Coors, and Miller were 40 percent, 25…

A: # Concentration ratio in a market can be computed by emphasizing on the top 4 big firm's.  We just…

Q: An industry is composed of Firm 1, which controls 70 percent of the market, Firm 2 with 15 percent…

A: By using the Herfindahl-Hirschman Index,

Q: the four firm concentration ratio (C4) is 16.2 percent and the Herfindahl-Hirschman index is 161.4.…

A: *Answer:    The ratios C4 and Herfindahl-Hirschman(HH) index calculated may differ for when…

Q: Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms haves…

A: Four firm concentration ratio is the percentage of industry sales which belongs to the largest four…

Q: An oligopoly market has two sellers Firm A and Firm B only. Both firms have a marginal cost of…

A: Answer - Given in the question- An oligopoly market has two sellers Firm A and Firm B only. Both…

Q: Firm A with total cost function CA = 60qA and Firm B with total cost function CB = 80qB are the only…

A: here we calculate the equilibrium price by using the two cost function of the Firm , so calculation…

Q: (d) Come up with an example of market shares in an industry with four firms, such that the…

A: Different forms of market structures differ in their level of competitiveness, ranging from highly…

Q: The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is P1 = 112 -…

A: b p1=112-q1-0.5q2p2=130-q2-0.5q1TR1=(112-q1-0.5q2)q1      =112q1-q12-0.5q1q2MR1=112-2q1-0.5q1…

Q: What is the, HHI, Herfindahl-Hirschman Index for an industry where six companies each have a market…

A: Market concentration measures how much a small number of firms control the market…

Q: An industry has four firms, each with a market share of 25 percent. There is no foreign competition,…

A: Given market share of 4 firms = 25 % The Herfindahl Index(HHI) is calculated by squaring the market…

Q: Firm Market Share (%) A 40 B 30 C 20 D 5 E 5   Refer to the data. If Firm B merged with Firm E, the…

A: Four-firm concentration ratio and Herfindahl index are two tools used to make market analysis.

Q: Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then…

A: The kinked demand bend developer was American economist Paul Sweezy and has become crucial in…

Q: Firms J and K produce compact-disc players and compete against one another. Each firm can develop…

A: A game is defined as a strategic situation model in which players make strategic decisions implying…

Q: Market Share Firm (X) 25 22 C. 18 D 16 15 4 Suppose that firms B and D in this table merged into a…

A: Initial four firm concentration ration was  = (25% + 22% + 18% +16%)  =  81%  Final four firm…

Q: Total industry sales are $105 million. The top four firms account for sales of $15%, 12%, 10%, 8%…

A: In an industry, there used to be various firms competing with each other and each firm has some…

Q: Ten firms compete in a market to sell product X. The total sales of all firms selling the product…

A: The formula for calculating four-firm concentration ratio is shown below.

Q: Dell and Sony compete primarily by price. Each firm must choose either a high price or a low price…

A: (a):Pay-off matrix of Sony and Dell is give below.

Q: Suppose, Pfizer Company is the only company allowed by the Sultanate government to sell COVID…

A: Market is that particular place where buyer and seller of commodity are exchange good and services.…

Q: Consider a duopoly in which the marginal cost of every firm is $2. The market demand is: Q = 14 - P,…

A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…

Q: Suppose the industry has six firms. Four firms have sales of Php 10 M each, while the other two have…

A: Four firm concentration ratio is the ratio of the sales of the four largest firms in an industry…

Q: Assume that the competition between Boeing and Airbus can be characterized by the following matrix…

A: Given information There are two players - Boeing & Airbus The payoff matrix is given below:…

Q: Suppose that a small town has six burger shops whose respective shares of the local market are (as…

A:

Q: Refer to the data. Suppose that firms in this industry split up such that there were 20 firms, each…

A: * SOLUTION :-  If the firms in the given industry split up in the 20 firms with each 5 percent then…

Q: Two firms A and B compete in a Cournot duopoly environment. The (inverse) market demand curve is…

A: Answer: Given, Inverse market demand function: P=88-0.5QWhere,Q=QA+QB Total costs: TCA=8QATCB=8QB…

Q: HP and Sony compete primarily by price. Each firm must choose either a high price or a low price…

A: Pay-off matrix of Sony and HP is given below:     The first values are denoted as HP’s profit and…

Q: Two firms are considering going out of business and selling their assets. Each considers what…

A: Game theory is a model of strategic interaction between rational decision-makers. It studies how the…

Q: Let’s assume that in the state of California, there is an economic sector, where the firms have the…

A: The four-firm concentration ratio is a method used by industry experts and government authorities to…

Q: Find the attached file.

A: Given: To Find: The four-firm concentration ratio in the industry will be:

Q: Firms Industry 1 Industry 2 Industry 3 Industry 4 1 65 70 35 50 2 15 15 35 50 3. 10 10 30 4 Based on…

A: Herfindahl-Hirschman indexes (HHI). It computes the competitiveness of the market. It is an addition…

Q: Calculate the Herfindahl index for a duopoly market where each firm has equal market. Calculate the…

A: Herfindahl-Hirschman Index (HHI) is a measure of market concentration and is used to determine how…

Q: Use the following information to create the profit matrix: If Dell and Sony both set high prices,…

A: Pay-off matrix of Sony and Dell is give below: The first values is denoted as Dell’s profit and…

Q: A partnership will generate revenue p = 2x + y + xy, where x and y are the efforts of partners 1 and…

A: Given revenue function :- y = 2x + y + xy Effort cost functions :- C1 = 2x2 C2 = 1/2 y2