Please see below. The table represents the market share of the 10 largest steel producers.FirmMarket Share (%)121.416.1314.0412.48.6.7.576.48.59.4101What is the four-firm concentration ratio for the steel industry represented in the table? Round your answer to the nearest tenth.four-firm concentration ratio:

In order to determine the level of competition among various firms, various methods are used by the…

T'he table represents the market share of the 10 largest steel producers. Firm Market Share (%) 1 21.4 16.1 3 14.0 4 12.4 5 8 6. 7.5 7 6.4 8. 9. 10 1 What is the four-firm concentration ratio for the steel industry represented in the table? Round your answer to the nearest ten four-firm concentration ratio:

T'he table represents the market share of the 10 largest steel producers. Firm Market Share (%) 1 21.4 16.1 3 14.0 4 12.4 5 8 6. 7.5 7 6.4 8. 9. 10 1 What is the four-firm concentration ratio for the steel industry represented in the table? Round your answer to the nearest ten four-firm concentration ratio:

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Monopolistic Competition, Oligopoly, And Game Theory

Section: Chapter Questions

Problem 3WNG

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Suppose we have two markets, A and B, each consisting of seven firms. The market shares of the 5 largest firms (ordered by market share) are shown in the table below. True or false? (i) The CR3 and CR4 concentration ratios both point to the same market (either A or B) having more market power. (ii) The 6th largest firm in market B captures at most 8 percent of the market. (iii) The HHI of market B is at most 1,798 (in units of squared percent). (Hint: for positive x and y, (x+y)2=x2+y2+2xy≥x2+y2.) (iv) The HHI of market A is definitely larger than the HHI of market B.
The table represents the market share of the 10 largest steel producers. Firm Market Share (%) 1 21.2 2 18.2 3 14.0 4 12.0 5 8 6 7.5 7 6.4 8 5 9 4 10 1 What is the four‑firm concentration ratio for the steel industry represented in the table? Round your answer to the nearest tenth.
Q1: What is the, HHI, Herfindahl-Hirschman Index for an industry where six companies each have a market share of 15% and one company which has a market share of 10%? Q2:About fifty years ago, the EPA, Environmental Protection Agency, embraced command and control laws. Later on, the EPA made adjustments and updates. These laws and their adjustments, a/ draws distinctions between the needs of firms and costly equipment upgrades. b/ are given considerable credit for cleaner air and water in recent decades. c/ were an inexpensive incentive for industrial polluters to improve performance. d/ were necessary as US industries had zero incentive to control pollution.
Total industry sales are $105 million. The top four firms account for sales of $15%, 12%, 10%, 8%respectively. What is the three-firm concentration ratio?
Consider two industries, each comprising ten firms. In industry A, the largest firm has a market share of 49 percent. The next three firms have market shares of 7 percent each, and the remaining six firms have equal shares of 5 percent each. In industry B, the top four firms share the bulk of the market with 19 percent apiece. The next largest firm accounts for 14 percent, and the smallest five firms equally split the remaining 10 percent of the industry. a. Compute the four-firm concentration ratio and HI for each industry. Compare these measures across the two industries. Which industry do you think truly exhibits a more competitive structure? Which measure do you think gives a better indication of this? Explain. b. Now let the three second largest firms in industry A merge their operations while holding onto their combined 21 percent market share. Recalculate the HI for industry A. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…
Given the following market shares of the competing firms in the market, describe/classify the market concentration in the industry using the HHI.
Carrot Computers and its competitors purchase touch screens for their tablet computers from several suppliers. The six makers of touch screens have market shares of, respectively, 19 percent, 18 percent, 14 percent, 16 percent, 20 percent, and 13 percent. a. What is the Herfindahl index for the touch screen manufacturing industry? b. By how much would a proposed merger between the two smallest touch screen makers increase the Herfindahl index? Would the government be likely to challenge that proposed merger? c. If Carrot Computers horizontally merges with its competitor Blueberry Handhelds, by how much would the Herfindahl index change for the touch screen industry?
.A measure called Herfindahl-Hirschman Index is used to measure the degree of competition in an industry. The HHI is the square of each firm’s market share summed over the firms in the industry. (Where a market share is the percentage of sales in the market accounted for by that firm). For example, if an industry contains only three firms and their market shares are 60%, 25%, and 15% then the HHI (by squaring each firm’s share and summing them) is 4450. Some economists classify the market structures according to HHI scores. An HHI below 1,500 indicates a strongly competitive market, between 1,500 and 2,500 indicates a somewhat competitive market, and over 2,500 indicates an oligopoly. Given the information in the table, calculate the HHI in this industry. If yahoo and Bing were to merge, what would the HHI be? Google 67% Yahoo 18 Bing 11 Ask 3 AOL 1
Suppose that a small town has six burger shops whose respective shares of the local market are (as percentages of all hamburgers sold): 26%, 20%, 18%, 14%, 12%, 10%, Assume that the largest producer now purchases the third largest firm (based market share) so that this new combined firm has the same market share as old firm 1 and old firm 3 combined. Compute the new third-firm concentration ratio and to the new HHI?
Consider a market with four firms. Suppose the first firm has a 54% market share, the second firm has a 30% market share, the third firm has a 15% market share, and the fourth firm has a 1% market share. Using the Herfindahl-Hirschman Index (HHI), what is this market's level of concentration? —- . (Enter a numeric response using an integer.)
(Mergers and Public Policy) Calculate the Herfindahl- Hirschman Index (HHI) for each of the following industries. Which industry is the most concentrated? An industry with five firms that have the following market shares: 50 percent, 30 percent, 10 percent, 5 percent, and 5 percent An industry with five firms that have the following market shares: 60 percent, 20 percent, 10 percent, 5 percent, and 5 percent An industry with five firms, each of which has a 20 percent market share