The four firm concentration ratio for this industry is what FirmsMarket ShareA7%B12%3%9%E10%F20%G6%H.6%14%J5%K5%3%

Answered: Image /qna-images/answer/7ab54a69-596a-4a8c-89cf-74dccc531db6.jpg

Answered: The four firm concentration ratio for…

Business

Economics

The four firm concentration ratio for this industry is what

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: When compared to perfect competition, a monopoly market structure is criticized because they produce…

A: Perfect competition is the market structure where there are large no of buyers and sellers selling…

Q: Tha use of cannabis was legalized in Canada in 2017. The cannabis sector (Industry X) and the…

A: Herfindahl index is an index that indicates the level of market power of an industry. It is…

Q: How do intellectual property rights drive innovation? Group of answer choices They allow companies…

A: Intellectual property rights are given to the inventor to protect his invention from being copied.

Q: Alpha and Gamma are the only two phone handset manufacturers in the world. Each firm has a cost…

A: An oligopoly market is one that has few large firms which are interdependent selling homogenous as…

Q: Two identical firms compete as a Coumot dopoly. The inverse market demand they face is P-128 - 4Q.…

A: Total cost refers to the total expense incurred in reaching a particular level of output; if such…

Q: An oligopolist faces a kinked demand curve. In your own words, describe why firms face this…

A: When a requirement curve isn't a line however has variable physical property at higher and lower…

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 two of the firms merge, find the change in the concentration ratio: Concentration ratio change:…

A: market share of 10 firms of equal size is 10% each.

Q: what is the Four-firm concentration ratio (CR4)? what is the Herfindahl-Hirshman Index (HHI)?…

A: The four-firm concentration ratio measures the percentage of total sales done by the top four firms…

Q: When firms in an industry reach an agreement to fix prices, divide up market share, or otherwise…

A: Oligopoly is a type of market in which there are few firms having large market shares. The firms are…

Q: An oligopolist faces a kinked demand curve.  In your own words, describe why firms face this…

A: Oligopoly: - it is a market condition where there are few firms or sellers in the market selling…

Q: Consider a market with a duopolist structure. Each firm has similar marginal costs. Based on this…

A: In the Cournot duopoly model, both firms determine the profit-maximizing quantity simultaneously.…

Q: Should competition authorities prohibit vertical mergers that lead to higher input prices?

A: As the vertical mergers will diminish the cost of the final good. Henceforth, the competition…

Q: How do we measure a four-firm concentration ratio? What does a high measure mean about the extent of…

A: The market share plays an important role in a firm’s overall activity. The firms need to capture the…

Q: Two dairy farmers produce milk for a local town with local milk demand given by Q =100-0.3333333333P…

A: Given Q=100−1/3p TC=150+2Q From the given equation, the inverse function of P becomes P=300−3q…

Q: In Monopoly at various output levels

A: To find : What is various output levels in monopoly.

Q: The four-firm concentration ratios for industries X and Y are 81 percent and 74 percent,…

A: Given, Four-firm concentration ratio of X = 81% Four-firm concentration ratio of Y = 74%…

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: Compare and contrast the decision-making processes of a competitive firm versus a monopoly firm.

A: Perfect competition refers to the situation where there are many buyers and sellers exist in the…

Q: Two firms both produce leather boots. The inverse demand equation is given by P = 280 Q, where Pis…

A: Given: Price = 280 - Q C(q) = 40 Q

Q: In Canada, what are anti-combine laws designed to do? create perfectly competitive industries…

A: Anti-consolidation laws are desigñed to ensure free markets by maintaining and enforcing competition…

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: Identify the primary difference between a purely competition and a monopoly market

A: Market structure is a term used in economics to describe how different industries are classified and…

Q: Determine if each example represents a barrier to entry or not. a. Pfizer is the only firm that is…

A: In a market, barriers to entry refers to the situation when new firm faces difficulties to enter or…

Q: Hamra area is well known for having a large concentration of hair dressing salons. As a matter of…

A: The markets are the place where the buyers and the sellers of goods, services, and other products…

Q: The Herfindahl-index (HHI) is empty and obscure, giving little clear basis for assessing the degree…

A: In a market, different type sof analysis are made to know the features and functioning of a market.

Q: roduct differentiation is an essential characterstics of oligipolistic market structures.do you…

A: Product differentiation is a strategy which differentiates one firm product or services from another…

Q: Suppose a single firm produces all of the output in a contestable market. The Marke inverse demand…

A: A demand function is defined by p=f(x), p = f ( x ) , where p measures the unit price and x measures…

Q: OPEC is a petroleum cartel, a group of oil producing countries whose objective is to coordinate and…

A: A cartel refers to a situation when there are few sellers in a market who decide to collude instead…

Q: From a Transaction Cost Economics perspective, when would you expect vertical integration to take…

A: Definition: Vertical integration makes sense as a technique, as it permits an organization to…

Q: Answer the following questions, which relate to measures of concentration: a. What is the meaning of…

A: In economics concentration ratios are used to measure the concentration of the market and these…

Q: Two local ready-mix cement manufacturers, H and T, have combined demand given by Q = 105 − P. Their…

Q: There are two firms, Firm 1 and Firm 2. The two firms’ products are viewed as identical by most…

A: There are two firms : Firm 1 & Firm 2 Cost function of firm 1 : C(Q1) = 10 + 4Q1 Average Cost…

Q: A group of firms explicitly colluding to make price and output decisions is called

A: It is common thing in the real economy that a group of firms explicitly colluding to make price and…

Q: Which of the following is least likely to present a barrier to entry into a market? patent laws…

A: In economics, barriers to entry refers to the economic factor that prevent new firms from entering…

Q: A four-firm concentration ratio measures what?

A: Concentration ratio is an important concept in the theory of industrial organisation. Concentration…

Q: Based on this information, the four-firm concentration ratio is?

A: Four firm concentration ratio is calculated to have an idea about the market of a particular…

Q: What is the name for the condition where a firm will not take action without considering the…

A: The above-mentioned condition usually occurs in an oligopoly market. Here, there are few sellers…

Q: Consider an industry with that contains the following firms Total Revenue Firm A $45,000 Firm B…

A: There are four major market structures in an economy. They are perfect competition, monopolistic…

Q: Steve and Michelle are farmers who sell their surplus manure to other local farmers. Manure is sold…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Two firms both produce leather boots. The inverse demand equation is given by P = 280 Q, where Pis…

A: According to the question, there are 2 firms in oligopoly and creating the Bertrand model. Let say…

Q: Suppose a single firm produces all of the output in a contestable market. The market inverse demand…

A: Consider that there is a single firm that produces the output in a contestable market. The market…

Question

The four firm concentration ratio for this industry is what

Firms
Market Share
A
7%
B
12%
3%
9%
E
10%
F
20%
G
6%
H.
6%
14%
J
5%
K
5%
3%

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

it is not 28.6
Pls show complete steps
Do I have this queshtion right I think its positive. I'm not sure if I'm correct.
pls answer 2 and 3 asap
10- What type of data does the data obtained by temperature measurements fall under?I. Interval dataII. Quantitative continuous dataIII. Proportional dataIV. Quantitative discrete data A) II B) I -II C) I - III - IV D) IV E) III - II
I need 3 answers pls
Suppose that you work for a U.S. senator who is contemplating writing a bill that would put a national sales tax in place. Because the tax would be levied on the sales revenue of retail stores, the senator has asked you to prepare a forecast of retail store sales for year 8, based on data from year 1 through year 7. The data are: (c1p2) Year Retail Store Sales 1 $1,225 2 1,285 3 1,359 4 1,392 5 1,443 6 1,474 7 1,467 54 Chapter One a. Use the first naive forecasting model presented in this chapter to prepare a forecast of retail store sales for each year from 2 through 8. b. Prepare a time-series graph of the actual and forecast values of retail store sales for the entire period. (You will not have a forecast for year 1 or an actual value for year 8.) c. Calculate the root-mean-squared error for your forecast series using the values for year 2 through year 7. 3. Use the second naive forecasting model presented in this chapter to answer parts (a) through (c) of Exercise 2. Use P 0.2 in…
The management of a certain company would like to use the following data to learn about its customer base and to evaluate the first day promotional campaign purchases. Customers who made purchases with discount coupons were labelled as “Promotional Customers”, and “Regular Customers” was used for those who did not use coupons. Customer Type of Customer Items Net Sales (GH¢) Method of Payment Gender Marital Status Age 1 Regular 1 100 Vodacash Male Married 32 2 Promotional 1 105 MTN mobile money Female Single 36 3 Regular 1 230 Airtel money Female Married 32 4 Promotional 5 300 MTN mobile money Male Married 28 5 Regular 2 150 Vodacash Female Single 34 6 Regular 20 450 Vodacash Female Married 44 7 Promotional 2 78 MTN mobile money Male Married 30 8 Promotional 3 120 MTN mobile money Female Single 22 9 Promotional 6 345…
need correct answer plz
please give answer for 10, 11, and 12
A3 True/false
A country’s gini co-efficient was 0.46 last year and is now 0.48. What can we infer from the change? What would it mean if a country had a co-efficient of 0 or 1?