Chapter 14 Oligopoly Assignment (Protected View) - Word ences Mailings Review View Help Tell me what you want to do contain viruses. Unless you need to edit, it's safer to stay in Protected View. 2. The market shares of firms in three different industries are listed in the table below. Use this information to calculate the Herfindahl index for each industry.\ table[[Firms, Industry, 1 Industry, 2Industry 3], [1, 65, 70, 35], [2, 15, 15, 35], [3, 10, 10, 30], [4, 5, 5, -], [5, 5, -, -], [Herfindahl,,,], [ Index,,,]] (a) Which industry is has the greatest market power? The least? (b) Based on your findings, is the number of firms in the industry a good predictor of the competitiveness of an industry? Why or why not?

Chapter 14 Oligopoly Assignment (Protected View) - Word ences Mailings Review View Help Tell me what you want to do contain viruses. Unless you need to edit, it's safer to stay in Protected View. 2. The market shares of firms in three different industries are listed in the table below. Use this information to calculate the Herfindahl index for each industry.\ table[[Firms, Industry, 1 Industry, 2Industry 3], [1, 65, 70, 35], [2, 15, 15, 35], [3, 10, 10, 30], [4, 5, 5, -], [5, 5, -, -], [Herfindahl,,,], [ Index,,,]] (a) Which industry is has the greatest market power? The least? (b) Based on your findings, is the number of firms in the industry a good predictor of the competitiveness of an industry? Why or why not?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 12P

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ACTIVITY 3 1. You were given the following capital balances of the partners of thePinnacle Trading: Pablo Php 10,000.00 Norman Php 20,000.00 Christian Php 30,000.00 The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000.00 for the year, compute the share of Pablo, Norman, and Christian to the profit of the business. a. Share of Profit for Pablo = Php b. Share of Profit for Norman = Php c. Share of Profit for Christian = Php %3D
The table below shows market share data for different firms producing desks. Market Share in % 15 18 7 11 6 10 4 5 5 16 Firm Aardvark Inc Baluga, LLC Cran Inc Delta Co Echo Co Farriss Co Gum Drop Inc Hill Corp Indigo Corp Jackson Co What is the Herfindahl Hirschman Index (HHI) for this market? ← HHI 225 324 49 121 36 100 16 25 25 256 Suppose that Delta Co and Gum Drop Inc are considering a merger. What will the HHI be after this merger?
10:43 A docs.google.com Your answer Syukri, Iqmal and Amir run the only shop in Wang Ulu. They sell electrical goods such as televisions, washing machines, etc. However, their objectives are different from each other. Syukri wants to make as much profit as he can, Iqmal wants to sell as many goods as he can without losing money, and Amir wants to earn as much revenue as he can. The graph below illustrates their respective profits. (Note: The length of each square on the Y-axis represents RM100, and the length of each square on the X-axis represents 100 units.) What is the quantity for Syukri? Revenue, Cost MC AC Quantity 100 200 300
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent, 8 percent, and 6 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? Book percent Print b. What is the Herfindahl index for the hamburger industry in this town? erences 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 =
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35. Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not? GM 19% Ford 17% Toyota 14% Chrysler 11% Table 11.5 Global Auto Manufacturers with Top Four U.S. Market Share, June 2013 (Source: http://www.zacks.com/commentary/27690/auto- industry-stock-outlook-june-2013)
ok In the table below are data on five different industries and the market shares for each of the firms in the industry. Assume that there is no foreign competition, entry into the industry is difficult, and that no firm in each industry is on the verge of bankruptcy. In the column to the right of the table, calculate the Herfindahl index. Tint erences esc Market Share of Firms in Industry Industry Alpha Beta Mc Graw Hill Q Short Answer Toolbar navigation Kappa Delta Epsilon BIVS -50--- Di 2 Which industry has the most market power and which industry has the least? P @ W # 3 E 4 Herfindahl index R 1 33 25 20 60 25 5 STAZA % 23 456 22 14 12 10 9 25 25 15 10 20 20 20 20 10 10 10 10 20 15 15 15 10 & Search Protecto Pray T 6 Y 1.5 7 2 Next > 8 1 O O * P |{ d
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oligopoli 5.1 The following table represents the market share percent- age for each firm in a hypothetical industry. Firm Market Share A 15 C D E 20 B 6 12 7 H 19 11 F G 10 a. Calculate the four-firm concentration ratio for this industry. b. Calculate the Herfindahl-Hirschman Index (HHI) for this industry. c. Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concen- trated? Why?
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