ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423548
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 15, Problem 4.7PA
To determine
The Herifindahl-Hirschman Index (HHI) for each of the following industries and the industry that is the most concentrated
- An industry with five firms with market shares: 50 percent, 30 percent, 10 percent, 5 percent, and 5 percent.
- An industry with five firms with market shares: 60 percent, 20 percent, 10 percent, 5 percent and 5 percent
- An industry with five firms, each having a 20 percent market share.
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29) A horizontally integrated multinational is one that
A) produces the same product in more then one country.
B) one which exports more than 50% of output.
C) produces various stages of production in different countries.
D) produces different products in different countries.
30) A conglomerate multinational is one that
A) produces various stages of production in different countries.
B) one which exports more than 50% of output.
C) produces the same product in more then one country.
D) produces different products in different countries
Only typed answer
1. Why do oligopolies exist?
A. A small number of firms have established barriers to entry using economies of scale, patents, and sheer size to prevent other firms from challenging them.
B. The oligopolistic firms are created, run, and supported by the government.
C. The members of an oligopolistic market are producing in the upward sloping range of their long run average cost curves.
30) A conglomerate multinational is one that
A) produces various stages of production in different countries.
B) one which exports more than 50% of output.
C) produces the same product in more then one country.
D) produces different products in different countries
Chapter 15 Solutions
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
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