Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Question
Chapter 15, Problem 3IP
(a)
To determine
The reason why Mattel want to buy Fisher-price.
(b)
To determine
The arguments in favor of allowing this acquisition.
(c)
To determine
The arguments against allowing this acquisition.
(d)
To determine
The comparison of the four-firm concentration ratio for the entire toy industry to the pre-school toy market.
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Students have asked these similar questions
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all
hamburgers sold): 27 percent, 26 percent, 21 percent, 12 percent, 8 percent, 4 percent, and 2 percent.
Instructions: Enter your answers as a whole number.
a. What is the four-firm concentration ratio of the hamburger industry in this town?
percent
b. What is the Herfindahl index for the hamburger industry in this town?
c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl
index?
Four-firm concentration ratio =
percent
Herfindahl index =
Suppose that the six firms in industry A have annual sales of 40, 35, 12, 5, 5, and 3 percent of total industry sales. For the six firms in industry B, the figures are 35, 18, 15, 14, 10, and 8 percent. b. Calculate the four-firm concentration ratio and the Herfindahl index for each industry and compare their likely competitiveness. Instructions: Enter your answers as whole numbers.
Industry A four-firm concentration ratio =
Industry A Herfindahl index = Industry B four-firm concentration ratio =
Industry B Herfindahl index =
c. Industry A will be ________ (more/less) competitive than industry B.
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in
this market.
Sales (millions of dollars)
7.4
7.1
6.8
6.2
5.3
4.2
What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations.
Retailer
Dap
American Jaybird
Expressive
LA & Company
Forever 22
Limitless
four-firm concentration ratio:
28
Chapter 15 Solutions
Microeconomics
Ch. 15.1 - Prob. 1QCh. 15.1 - Prob. 2QCh. 15.1 - Prob. 3QCh. 15.1 - Prob. 4QCh. 15.1 - Prob. 5QCh. 15.1 - Prob. 6QCh. 15.1 - Prob. 7QCh. 15.1 - Prob. 8QCh. 15.1 - Prob. 9QCh. 15.1 - Prob. 10Q
Ch. 15 - Prob. 1QECh. 15 - Prob. 2QECh. 15 - Prob. 3QECh. 15 - Prob. 4QECh. 15 - Prob. 5QECh. 15 - Prob. 6QECh. 15 - Prob. 7QECh. 15 - Prob. 8QECh. 15 - Prob. 9QECh. 15 - Prob. 10QECh. 15 - Prob. 11QECh. 15 - Prob. 12QECh. 15 - Prob. 13QECh. 15 - Prob. 14QECh. 15 - Prob. 15QECh. 15 - Prob. 16QECh. 15 - Prob. 17QECh. 15 - Prob. 18QECh. 15 - Prob. 1QAPCh. 15 - Prob. 2QAPCh. 15 - Prob. 3QAPCh. 15 - Prob. 4QAPCh. 15 - Prob. 5QAPCh. 15 - Prob. 1IPCh. 15 - Prob. 2IPCh. 15 - Prob. 3IPCh. 15 - Prob. 4IPCh. 15 - Prob. 5IPCh. 15 - Prob. 6IPCh. 15 - Prob. 7IP
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