Q: The data in the following table give information about the price P (in dollars) for which a firm can…
A: Here, The value of output and cost are given for a specific firm. Revenue, marginal revenue, and…
Q: Market Share (% Suppose that the table shows market share data for all of the Restaurant sushi…
A: The herfindahl-hirschman index (HHI) is a common measure of market concentration and is used to…
Q: economic profit serves as a beacon to entrepreneurs. This means
A: Q1 it is true, economic profits serves as beacon to entrepreneur If there is positive profit then…
Q: В.2 (1). Mr. Majid is a wholesaler in Mutrah market. The main items he sell in the Seeb market are…
A: Answer: Discounted price of Wheat(500KG) @20% is OMR 899.50 Discounted price of Rice(1000KG) @25%…
Q: Q4) A. Complete the following table accurately B. Draw the TFC, AFC and AVC in one graph Q…
A:
Q: State what market structure exists in the housing industry in the UK in the early 1900s. Illustrate…
A: Introduction: Market structure, in financial matters, alludes to how various businesses are…
Q: Draw a firm diagram to illustrate Foxtel’s business in 2021. Make sure to clearly and adequately…
A: The difference between the revenue received from the sale of an output and the costs of all inputs…
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: The total revenue earned by a firm in a competitive market is the total payments received from the…
Q: What is the likelihood that firms would enter the market in the short-run? Use COVID-19 as a market…
A: It would be very unlikely for a firm to enter a market in the short-run especially when going…
Q: How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller…
A: Firms earn revenue with the help of the sale of the products that it produces. On the other hand, it…
Q: discuss how each of the following charasterics apply to the industries discussed in the case for…
A: The following are the characteristics of the perfect competitive firm. 1. A large number of firms…
Q: ar and it estim
A: Given : Dividend(D)=$6 Growth Rate(g)=7% annually Rate of return(r)=14%
Q: Industry A has five firms with market shares as follows: 50, 20,10,10,10 industry B has five firms…
A: The concentration ratio refers to the percentage of all sales contributed by the leading number of…
Q: After viewing the film Back to the Future, Matt takes a nap but has a disturbing dream. He sees…
A: In the short run, even though a firm is facing loss, it can continue the production if the price is…
Q: What is transfer pricing and why is it important
A: Transfer pricing is a method of selling products & services b/w related firms regardless of…
Q: Companies should use investment entry modes whenever possible because they offer the greatest…
A: The investment entry method is the one that necessitates the most time and financial and human…
Q: Question 1. You are asked to advice on the relationship between two products. The only information…
A: Dear student, Your have asked multiple questions in a single post. I am answering Question 1 of the…
Q: In a market that allows free entry and exit, when does the process of entry and exit end for the…
A: New firms enter the market when existing firms are making a positive economic profit in the short…
Q: Use the following graph to answer the questions below. Please enter your answers as whole numbers…
A: a) When the price is P1: MC cuts P1 at quantity 80 when the price here is 30 and ATC at 20, which…
Q: ursday in coming week; With an increase in global connectivity, now consumers are more inclined t
A: a. Gul Ahmed clothing demand would be increasing due to an increase in level of consumer income.The…
Q: The graph shows the prices of two stocks during one day. Stock A Stock B Time a. Describe the…
A: A stock represents some part of a corporation. A stock may be owned by people other than the…
Q: Consider a new business that invests $20 million into a plant to manufacture loaves of bread. The…
A:
Q: Use the following table to answer questions 49 and 50. Reservation Prices and Costs in Econland for…
A: Reservation Price is the maximum price that the buyer is willing to pay for the widget. A buyer will…
Q: During the early days of the Internet, most dot-coms were driven by revenues rather than profits. A…
A: The total revenue of a firm operating in a market is the sum of payments received from the sale of…
Q: possible. 3.- If the marginal income is greater than the marginal cost, the competitive company…
A: 3. If the marginal income is greater than marginal cost, then it gives out a positive output.
Q: Suppose that a local electrical utility firm was split into five firms of equal size. What do you…
A: Market structures are of many different types based on the number of firms in the industry, ease of…
Q: Use the table, with data for Bishan and Amara, to answer the question. Table: Bishan's and Amara's…
A: ANSWER Without Cooperation, we will get a sub-optimal outcome where the agents will not cooperate…
Q: Q3. Consider the following tw0-stage game: Stage 1: Player 1 moves first to choose either L or R.…
A:
Q: 11. One possible strategy is that each firm produces. This gives a more Pareto efficient outcome.…
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
Q: What type of market structure is this toilet paper most likely to be in? Describe at least three…
A: Toilet paper is most likely to be a Monopolistic competition. Monopolistic competition is the market…
Q: What is the likelihood that firms would enter the market in the short-run? Use COVID-19 as a market…
A: The firms in the market would always want to earn positive economic profits in the short run after…
Q: Do you think the computer software industry (or other similar industries in gaming, cell phones,…
A: The computer software industry (or other similar industries in gaming, cell phone etc.) is likely to…
Q: Crawford Computing finds that its weekly profit, in dollars, from its production and sale of x…
A: Hi, thank you for the question. As per the Honor code, we are allowed to attempt only 3 subparts in…
Q: ) How can a firm determine the best level of output and price for products that are jointly produced…
A: Introduction The firm establishes the optimum or best level of output and pricing for commodities…
Q: You have conducted a study to determine if there is independence or dependence between market…
A: * SOLUTION :- From the given information the answer is provided below as,
Q: Use the data in the table to find the marginal cost of producing the 6th units of output. Q P TC TR…
A: Marginal cost refers to the additional expenses incurred when one more unit of output is produced by…
Q: According to Galbraith, why might modern corporations not attempt to maximize profits? a. They are…
A: The Modern Corporation is characterized by the separation of ownership and control in business…
Q: Suppose that you decide to play a game. You buy stockby throwing a dice a few times, using that…
A: The efficient-market hypothesis is a theory in the field of financial economics. It states that…
Q: 2. Consider a model of vertical relations in the market where there are three stages of production.…
A: GIVEN Introduction A single farmer produces wheat at a marginal cost of $2 and sells it to a…
Q: 2. Consider the iPad, which was introduced by Apple in 2010, and answer the following questions: a.…
A: Oligopoly is a market structure described by few big firms that have market power however they are…
Q: d. What is the profit maximizing output level of each company? e. Based on the mix…
A: ANSWER D FIRM 1 FIRM 2 THEREFORE, FIRM 1 PROFIT MAXIMIZING OUTPUT LEVEL = 10800 FIRM 2 PROFIT…
Q: Complete the following table: Units TFC TVC TC AFC AVC AC MC 0 24 0…
A: Total cost (TC) can be computed as: TC=TFC+TVC Average cost (AC) can be computed as: AC=TCQuantity…
Q: 4. Suppose we have another firm known as Sepanyan Corporation which makes a product known as…
A: Hi there! Thank you for submitting the question. Since we only answer up to first question, we will…
Q: (9) Solve the following three-stage game through backwards induction. 1 L R R L R L/ 1\R L/1\R L/1\R…
A: In-game theory, Backward induction is an iterative process. It is a theory that reasons backward in…
PLEASE TYPE
Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms.
|
Market Share |
|
Firms |
2008 |
2013 |
A B C D E F G H I G |
26% 21% 16% 10% 9% 7% 4% 3% 2% 2% |
22% 23% 19% 9% 8% 7% 6% 4% 1% 1% |
- Using the CR4, CR8, and HHI, analyze the evolution of the potential market power of firms in the industry.
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Jane and Bill are apprehended for a bank robbery. They are taken into separate rooms and questioned by the police about their involvement in the crime. The police tell them each that if they confess and turn the other person in, they will receive a fighter sentence. If they both confess, they will be each be sentenced to 30 years. If neither confesses, they will each receive a 20-year sentence. If only one confesses, the they will receive 15 years and the one who stayed silent will receive 35 years. Table 10.7 below represents the choices available to Jane and Bill. If Jane trusts Bill to stay silent, what should she do? If Jane thinks that Bill will confess, what should she do? Does Jane have a dominant strategy? Does Bill have a dominant strategy? A = Confess; B = Stay Silent. (Each results entry lists Janes sentence first (in years), and Bills sentence second.)Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms. Market Share Firms 2008 2013 A B C D E F G H I G 26% 21% 16% 10% 9% 7% 4% 3% 2% 2% 22% 23% 19% 9% 8% 7% 6% 4% 1% 1% Using the CR4, CR8, and HHI, analyze the evolution of the potential market power of firms in the industry.Suppose that you decide to play a game. You buy stockby throwing a dice a few times, using that method toselect which stock to buy. After ten months you calculate the return on your investment and the return earned bysomeone who followed “expert” advice during the sameperiod. If both returns are similar, would this constitute evidence in favor of or against the efficient markethypothesis?
- don't answer by pen paper and don't use chatgpt otherwise we will give dounvote Answer both others wise give dounvote 48. There are 5 firms with sales of firm1=$19.0million, firm2=$11.0million, firm3=$6.0 million, and the remaining two firms have $4.0 million each. Firm1 and Firm2 wish to merge. What is the new Herfindahl Hirschman Index (HHI)? 34. There are 19.6 firms in a market with sales, Firm 1=$ 18.5, Firm 2= $14.1, Firm 3=$ 8.0, Firm 4= $11.1, Residual firms = $1.0 each, Find the numbers equivalent of firmsFirms J and K produce compact-disc players and compete againstone another. Each firm can develop either an economy player (E)or a deluxe player (D). According to the best available marketresearch, the firms’ resulting profits are given by the accompanyingpayoff table.a. The firms make their decision independently, and each is seeking itsown maximum profit. Is it possible to make a confident predictionconcerning their actions and the outcome? Explain.Firm KE DE 30, 55 50, 60 Firm JD 40, 75 25, 50b. Suppose that firm J has a lead in development and so can move first.What action should J take, and what will be K’s response?c. What will be the outcome if firm K can move first?a) Derive a bid-rent function for a "typical" firm. Draw a graph of the bid-rent function that is clearly labeled, including any intercepts or slopes.b) For a typical city, discuss what types of firms you are likely to see closest to downtown, and what types of firms you are likely to see further away. Do these firm locationsfit the model? Why or why not?c) Are these firms likely to change locations after covid? Why or why not?.
- Dr. Heinz Doofenshmirtz and Perry the Platipus have decided to venture into farming. They both participated in the venture eqully well, so at the end of the year, their farm produced five geese, each laying golden egs. Perry and Dr. Doof have to decide how to divide these five geese among themselves -- there are no market where they could sell them and there is not sharing or time-share arrangements possible. In other words, either they use the goose or loose it. Evidently, they cannot split an egg-laying goose in half.(a) Give an example of economically efficient allocation of golden egg laying geese between Perry and Dr. Doof. Briefly explain why the allocation you provide is efficient. (b) Give an example of an allocation of geese between the two that you think is fair (equitable). Briefly explain why it is fair in your opinion. (c) If the allocation in (a) is not the same as the one in (b), is it possible to come up with an allocation of geese that would be both efficient and…Please answer # 5 only. The profits of the four major networks (CBS, NBC, ABC and Fox) depend significantly on the ratings of its prime time shows. The higher the ratings, the higher the price the network can charge for advertising and the higher the profits of the network. To keep things simple, we will focus on two networks, CBS and NBC, and two of the prime time spots, 8-9PM and 9-10PM. Each network needs to decide which time slot to place its hit show, 8-9PM or 9-10PM. The other time slot will be filled by a run of the mill show. The following payoff matrix shows the total number of viewers (in millions) if each network places its hit show in each of the time slots: CBS 8-9PM time slot 9-10PM time slot NBC 8-9PM time slot 100, 110 85, 120 9-10PM time slot 120, 40 70, 90 If you are the program manager for CBS, what time slot would you place your hit TV show (assuming that your goal is to maximize the number of viewers)? Please explain…Question 1 Assume the market for a product can be described as a Cournot duopoly with two identical firms. The Nash-equilibrium in this market is that the two firms produce the same quantity. Hence, they will have identical market shares, each will have 50%. Assume that firm 1 decides to invest in a technology that reduces its marginal costs. a) What will happen to the two firms market shares? You must explain how you find the answer. b) What will happen to total production and the price of the product? Again, explain your answer.
- Game Theory a) Consider the following game represented by the game tree below. If you observe Blue Bank playing medium and Green Bank playing bottom, would you be surprised by their choices? Carefully explain why or why not. b) Now assume that Blue and Green Banks play the game with the same actions and payoffs as in a) but they make their choices simultaneously. What is the payoff matrix for this new game? What do you predict will happen in the game? Explain. c) Assume that the game from part a) is played five times, i.e. Blue and Green Banks play a repeated game with the stage game described in a). What do you predict will happen in the game? Explain.Economics discuss how each of the following charasterics apply to the industries discussed in the case for analysis; 1. a large number of firms in the marker 2. an undifferentiated product 3. Ease of entry into the market or no barieres to entry 4. complete information available to all market participantsLet’s assume that in California a corporation that produces electricity controls the market where its electricity is purchased and sold, then it would most probably Group of answer choices have legal protection to prevent copying its methods of production for commercial use. cut production, raise prices and realize positive economic profits. have a patent giving it exclusive legal rights to make, use, and sell for a limited time. export its product to other countries.
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
![Principles of Microeconomics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305971493/9781305971493_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
![Principles of Microeconomics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305971493/9781305971493_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)