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?
Q: An oligopoly firm faces a kinked demand curve with the two segments given by: P = 230 – 0.5Q and P =…
A: Oligopoly is a form of market where there are few big sellers and many buyers. There is huge…
Q: If the Lerner Index of Market Power is larger for businesses than for individuals in the market for…
A: Answer) True
Q: Consider a setting of two competing firms F1 and F2. Both firms maximize their profits and provide a…
A:
Q: A homogenous product is produced by two rival firms. The firms have the same costs. The demand faced…
A: Given information Demand functionQ1 =40-P1+0.5P2 Q2=40-P2+0.5P1 TC1=50Q1 TC2=50Q2
Q: Match the explanations with the correct definitions. A market structure with a small number of…
A: Mixed economic system:- Market Economic System can be defined as the combination of elements of…
Q: Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms have…
A: 4 firms have sale of = $ 10 Total sale = 10 *4 = 40 There are two more firms having sales of = $ 5…
Q: Suppose a proposed merger of firms would simultaneously lessen competition and reduce unit costs…
A: ANS If a merger reduces competition then because of the merger the price of output will increase…
Q: Suppose three firms compete in a homogeneous-product Cournot industry. The market elasticity of…
A: Given: Number of firms =3 Market elasticity of demand (Ed) = -2 Marginal Cost (MC)= $50
Q: Assume there are six companies in a certain industry. Four companies have $10 sales apiece, while…
A: Given; Number of companies in the industry= 6 Sales of firm 1= $10 Sales of firm 2= $10 Sales of…
Q: Firm Market Share (%) A 30 B 29 C 16 D 12 E 7 F 6 Refer to the data. Suppose that firms A and F…
A: The Herfindahl-Hirschman Index (HHI) is a typical proportion of market focus and is utilized to…
Q: Suppose that a small town has six burger shops whose respective shares of the local market are (as…
A: Four-firm concentration ratio of the hamburger industry is percentage of industry sales that we get…
Q: The market shares of the top five firms in the dishware industry are 20%, 28%, 11%, 14%, and 8%.…
A: Answer; Four firm concentration ratio measures the market share of the top four firms in terms…
Q: When firms in an industry reach an agreement to fix prices, divide up market share, or otherwise…
A: Oligopoly is a type of market in which there are few firms having large market shares. The firms are…
Q: Market Share Firm (%) A 20 20 C 20 D 20 E 10 F 10 The four-firm concentration ratio for the industry…
A:
Q: Find the Total Market Sales using the information above: Number Find the Total Sales for the Top 4…
A: A market is a physical location that facilitates the exchange of goods and services between…
Q: In 2004–2006, for the first time Boeing produced fewer planes than Airbus. If Boeing finds itself…
A: The level of a business's profitability is one of the metrics that may be used to determine how…
Q: In relation to bargaining power with Buyers. Explain each point: -They purchase a substantial…
A: There are many factors that are related to the bargaining capability of the buyers. Many factors are…
Q: Suppose the market shares of Cola-Cola, Pepsi, Anheuser-Busch, Coors, and Miller were 40 percent, 25…
A: # Concentration ratio in a market can be computed by emphasizing on the top 4 big firm's. We just…
Q: The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 − 4Q. The cost…
A:
Q: The market demand in a homogeneous-product Cournot duopoly is P = 113 - 2.2Q, where Q = Q1 + Q2…
A: If they engage in collusion and behave as a monopoly then the profit-maximizing equilibrium is given…
Q: the four firm concentration ratio (C4) is 16.2 percent and the Herfindahl-Hirschman index is 161.4.…
A: *Answer: The ratios C4 and Herfindahl-Hirschman(HH) index calculated may differ for when…
Q: Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms haves…
A: Four firm concentration ratio is the percentage of industry sales which belongs to the largest four…
Q: The top six firms in an industry have a total sales of the following respectively $54million,…
A: A merger refers to the act of collaboration of two companies into a single company. The purpose of a…
Q: Use the following to answer Questions (31) and (32): A recent study of the food industry treated the…
A: PCM = 11.65 + 0.60•C4 - 0.002•NFPCM = 8.20 + 0.001•HHI - 0.002•NF
Q: The four-firm concentration ratio in an industry is 70 percent. Total sales in the industry are $940…
A: CR4 is the sum of share of 4 largest firns and it is equals to 0.7. And total sale is $940 million.
Q: The four-firm concentration ratios for industries X and Y are 81 percent and 74 percent,…
A: Given, Four-firm concentration ratio of X = 81% Four-firm concentration ratio of Y = 74%…
Q: Firm Market Share (%) A 40 B 30 C 20 D 5 E 5 Refer to the data. If Firm B merged with Firm E, the…
A: Four-firm concentration ratio and Herfindahl index are two tools used to make market analysis.
Q: The four firm concentration ratio for this industry is what
A:
Q: Suppose an industry consists of three firms. Two firms have sales of $10 each, and one firm has…
A: HHI= 10,000[ ( 10/50 )2 + ( 10/50 )2 + (30/50 )2 ] = 10,000[ ( 1/25 ) + ( 1/25 ) + ( 9/25 ) ] =…
Q: An industry consists of three firms with sales of $300,000, $700,000 and $250,000. a) Calculate the…
A: (1)Assume,Firm A sales = $3, 00, 000Firm B sales = $7, 00, 000Firm C sales = $2, 50, 000Therefore,…
Q: c. Total industry sales are $105 million. The top four firms account for sales of $15%, 12%, 10%, 8%…
A: In the market, the three-firm concentration ratio refers to the measurement that is used to compute…
Q: Suppose a single firm produces all of the output in a contestable market. Analysts determine that…
A: When a company maximizes its profit, it is said to be in equilibrium. It reaches this point when it…
Q: Market Share Firm (X) 25 22 C. 18 D 16 15 4 Suppose that firms B and D in this table merged into a…
A: Initial four firm concentration ration was = (25% + 22% + 18% +16%) = 81% Final four firm…
Q: Dell and Sony compete primarily by price. Each firm must choose either a high price or a low price…
A: (a):Pay-off matrix of Sony and Dell is give below.
Q: The Herfindahl-index (HHI) is empty and obscure, giving little clear basis for assessing the degree…
A: In a market, different type sof analysis are made to know the features and functioning of a market.
Q: Suppose the industry has six firms. Four firms have sales of Php 10 M each, while the other two have…
A: Four firm concentration ratio is the ratio of the sales of the four largest firms in an industry…
Q: Two local ready-mix cement manufacturers, H and T, have combined demand given by Q = 105 − P. Their…
A:
Q: If two companies are seeking regulatory approval to merge their respective businesses, which of the…
A: A merger refers to the legal agreement between two firms to work together and act as a single firm.…
Q: Based on United States Census Bureau data for 2017, for the utilities (electricity and gas) industry…
A: The ratios C4 and Herfindahl-Hirschman(HH) index calculated may differ for when calculated for a…
Q: Suppose that the most popular car dealer in your area sells 2 percent of all vehicles. Instructions:…
A: Herfindahl index (HHI) can be calculated by using the following formula.
Q: Market Share Firm ( % ) А 25 В 22 18 16 E 15 F 4 Suppose that firms B and D in this table merged…
A: In a market, researchers use various economic tools and methods to understand the market condition…
Q: Assume an industry has 18 firms. Top two firms have the market share 10 percent each and rest of the…
A:
Q: Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other…
A: The Hefindahl Hirschman index (HHI) is the measure of market concentration. The value of HHI index…
Q: Use the following information to create the profit matrix: If Dell and Sony both set high prices,…
A: Pay-off matrix of Sony and Dell is give below: The first values is denoted as Dell’s profit and…
Q: The market demand in a homogeneous-product Cournot duopoly is P = 113 - 2.2Q, where Q = Q1 + Q2…
A: For the level of output and profits when Firm 2 cheats and Firm 1 colludes , firstly we find the…
Q: A possible advantage of a horizontal merger for the economy is that the merging firms could avoid…
A: Merger is a agreement between two firms to operate as one firm. The horizontal merger refers to the…
Q: Suppose that a small town has seven burger shops whose respective shares of the local hamburger…
A: while calculating concentration ratio we consider the firms who have larger market percentage share…
Q: The inverse demand for a homogeneous-product Stackelberg duopoly is P= 16,000-4Q. The cost…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…
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?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms have sales of $5 each. What is the four-firm concentration ratio for this industry?Suppose an industry is composed of six firms. Four firms have sales of $10 each, and two firms haves sales of $5 each. What is the four-firm concentration ratio for this industry? calculate HHI for this industry?The four firm concentration ratio for this industry is what
- Suppose an industry consists of three firms. Two firms have sales of $10 each, and one firm has sales of $30. What is the Herfindahl-Hirschman index for this industry? What is the four-firm concentration ratio?Asap Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $1,500,000. Ranking the firms' sales from highest to lowest, we find the top four firms' sales to be $310,000, $235,000, $205,000, and $ 140,000, respectively. Calculate the four - firm concentration ratio in the market for product X. Instruction: Enter your response rounded to two decimal places.Assume there are six companies in a certain industry. Four companies have $10 sales apiece, while two companies have $5 sales each. What is the industry's four-firm concentration ratio?
- Suppose that the top six firms in an industry have total annual sales of $250 billion, $210 billion, $150 billion, $120 billion, $80 billion, and $60 billion, respectively. Instructions: Round your answers to the nearest whole number. a. What is the four-firm concentration ratio for this industry? percent b. What is the Herfindahl index for this industry? (Hint: To find the Herfindahl index, you will need to compute the percentage market share for each firm in the industry. When calculating market share, do not round your intermediate calculations.)The market shares of the top five firms in the dishware industry are 20%, 28%, 11%, 14%, and 8%. what is the four-firm concentration ratio for the dishware industry?In a market there are five firms, all have a total cost curve equal to CT = 2q. The market demand is Q = 500 - 5P. How much profit would each firm get if they collude and share the market equitably? What is the profit to each firm if they agree to collude, but one firm misleads the others charging a slightly lower price? What is the profit if all firms do not collude and compete via price?
- The Costa Rican gimble industry consists of 14 firms whose annual sales are as shown in the table below: \table[[Firm, Sales (in millions)], [A, 4], [B, 8], [C, 12], [D, 18], [E, 23], [F, 17], [Next eight firms (total), 18]] a. What is the (four-) firm concentration ratio for this industry? Four firm concentration: % b. In what type of market does the gimble industry operate? Market type: c The Costa Rican gimble industry consists of 14 firms whose annual sales are as shown in the table below: Firm A Sales (in millions) 4 B C D E F Next eight firms (total) 8 12 18 23 17 18 a. What is the (four-) firm concentration ratio for this industry? Four firm concentration: % b. In what type of market does the gimble industry operate? Market type: (Click to select) vThe following table lists the market shares of the eight firms in an industry. Market Shares of Eight Firms in an Industry Market Share Firm 1 2 3 4 5 6 7 8 60 15 10 8 3 2 1 1 Calculate the four-firm concentration ratio for this industry. Enter your answer in the box below, and round to the nearest whole number if necessary.The following table reports the four firm concentration ratio for five different industries: Part 1: Refer to the table above. In which industry do the four largest firms have the most market power? Part2: Refer to the table above. I'm which industry do the four largest firms have the least market power?