Firm Verizon ATT Sprint T-Mobile All others Market Share (%) 10 8 7 5 1 a. What is the approximate Herfindahl index? Instructions: Round your answer to the nearest whole number. b. Based on this Herfindahl index calculation, how would you describe its market structure? Monopolistic competition Oligopoly c. What is the four-firm concentration ratio? Instructions: Round your answer to to one decimal place.

Firm Verizon ATT Sprint T-Mobile All others Market Share (%) 10 8 7 5 1 a. What is the approximate Herfindahl index? Instructions: Round your answer to the nearest whole number. b. Based on this Herfindahl index calculation, how would you describe its market structure? Monopolistic competition Oligopoly c. What is the four-firm concentration ratio? Instructions: Round your answer to to one decimal place.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain the general meaning of the profit payoff matrix below for oligopolists X and Y. All profit figures are in thousands. a. Use the payoff matrix to explain the mutual interdependence that characterizes oligopolistic industries. b. Assuming no collusion between X and Y, what is the likely pricing outcome? c. In view of your answer to 3b, explain why price collusion is mutually profitable. Why might there be a temptation to cheat on the collusive agreement?
Exercise A.1 . Compare the quantity and price of an oligopoly with those of a monopoly and those of a competitive market.
During the covid, oligopoly should be changed to monopoly or to monopolistic competition to survive during this hard time? I answer it again, bc received spam answer instead of normal one
Only typed answer why is the pharmaceutical sector is an example of oligopoly.
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