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Calculate the market share for each firm. Does there appear to be a
monopoly question if...
A homogeneous good industry is composed of 3 firms. You are given the following information on...
A homogeneous good industry is composed of 3 firms. You are given the following information on output, price and marginal cost of each firm: q, 200 q2-500 93100 p- 50 41.7 c2 29.2 c3 45.8 Remember that for each firm where α, is the market share of firm i and η is the price elasticity of demand. a)Calculate the 2-firm concentration ratio. b)Calculate the Herfindahl index c) Calculate the number equivalent. d) Calculate the Lerner index of ach firm. e...
What is the approximate Herfindahl index? Firm Market Share Pizza Hut 20.7% Domino's 17.0 Little Caesars...
What is the
approximate Herfindahl index?
Firm
Market Share
Pizza Hut
20.7%
Domino's
17.0
Little Caesars
6.7
Pizza Inn/Pantera's
2.2
Round Table
2.0
All others
51.4
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question Suppose the pizza market is divided as follows: Firm Pizza Hut Domino's Little Caesars Pizza Inn/Pantera's Round Table All others Market Share 20.7% 17.0 6.7 points 22...
You are the manager in a market composed of 21 firms, each of which has a...
You are the manager in a market composed of 21 firms, each of which has a 4.76 percent market share. In addition, each firm has a strong financial position and is located within a 100-mile radius of its competitors. Instruction: Enter your responses rounded to the nearest penny (two decimal places). a. Calculate the premerger Herfindahl-Hirschman index (HHI) for this market. b. Suppose that any two of these firms merge. What is the postmerger HHI?
You are the manager in a market composed of 19 firms, each of which has a...
You are the manager in a market composed of 19 firms, each of which has a 5.26 percent market share. In addition, each firm has a strong financial position and is located within a 100-mile radius of its competitors. Instruction: Enter your responses rounded to the nearest penny (two decimal places). a. Calculate the premerger Herfindahl-Hirschman index (HHI) for this market. 525.68 b. Suppose that any two of these firms merge. What is the postmerger HHI? c. Based only on...
1.) What is the main difference between a competitive firm and a monopoly? a. A competitive...
1.) What is the main difference between a competitive firm and a monopoly? a. A competitive firm owns a key resource, but a monopoly firm does not. b. A competitive firm is a price taker, and a monopoly is a price maker. c. A competitive firm produces output at a lower cost than a monopoly firm. d. A competitive firm is subject to government regulations, but a monopoly firm is not. 2.) What is the main social problem caused by...
Question 12 (0.2 pots) Calculate the net debt of a firm with a market capitalization (market...
Question 12 (0.2 pots) Calculate the net debt of a firm with a market capitalization (market value of equity) of $63 Billion, market value of debt of $29 Billion, and $2 Billion in cash and equivalents. (Note: Enter your answer in Billions; for example, if you calculate the net debt to be $10 Billion, then enter just 10 in the answer box.] Your Answer: Answer Hide hint for Question 12 net debt - market value of debt - cash
The bicycle industry consists of seven firms. Firms 1, 2, 3, 4 each has 10% market...
The bicycle industry consists of seven firms. Firms 1, 2, 3, 4 each has 10% market share, and firms 5,6,7 each has 20% market share. Using the concentration measures, answer the following questions: (i) Calculate 4-firm concentration ratio for this industry. (ii) Calculate the Herfindahl-Hirschman index (HHI) for this industry. (iii) Now, suppose that firms 1 and 2 merge, so that the new firm will have a market share of 20%. 1) Calculate the post merger I(x) 2) Calculate the...
Question 1 3 pts Some key characteristics of a monopoly market is Select] [Select) substitutes for...
Question 1 3 pts Some key characteristics of a monopoly market is Select] [Select) substitutes for the product: (Select) barriers to entry: Select] market power and are [ Select] Question 8 3 pts A five-firm industry has market shares equal: 65, 15, 10, 5, and 5. The industry's HHI = This industry highly concentrated. (answer is or is not) A merger in this industry likely to be approved. (answer is or is not) Question 7 2 pts In Industry 1,...
I need help calculating the revenue and costs. In a Monopoly market, a firm is a...
I need help calculating the revenue and costs.
In a Monopoly market, a firm is a price maker since there are no close substitutes to the product. You are asked to find the company's Profit-Maximization and Social-Optimal points. Fixed Costs remains at $1,000.00. Graph the D, MR, MC, ATC, AFC, and AVC on one graph. Calculate the revenue, costs, and profits. TC TR TVC 0 АТС AVCAFCMC MR 0 199.99 $1,000 o 10 $189.99 3,000 1,899.9 2,000 300200100200 189.99 20...
1. Welfare loss due to monopoly (Similar to Chapter 3 Question 10) Suppose that the demand...
1. Welfare loss due to monopoly (Similar to Chapter 3 Question 10) Suppose that the demand for tickets to a game is given by P = 200-0.004A and the corresponding marginal revenue is MR 200-0.008A where A is the number of attendees. Assume that the constant marginal cost of fan attendance is 20 1. What will the price and attendance be with competition 2. How much consumer surplus exists? 3. What are the monopoly price and attendance 4. How much...
A homogeneous good industry is composed of 3 firms. You are given the following information on output, price and marginal cost of each firm: q, 200 q2-500 93100 p- 50 41.7 c2 29.2 c3 45.8 Remember that for each firm where α, is the market share of firm i and η is the price elasticity of demand. a)Calculate the 2-firm concentration ratio. b)Calculate the Herfindahl index c) Calculate the number equivalent. d) Calculate the Lerner index of ach firm. e...
What is the
approximate Herfindahl index?
Firm
Market Share
Pizza Hut
20.7%
Domino's
17.0
Little Caesars
6.7
Pizza Inn/Pantera's
2.2
Round Table
2.0
All others
51.4
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question Suppose the pizza market is divided as follows: Firm Pizza Hut Domino's Little Caesars Pizza Inn/Pantera's Round Table All others Market Share 20.7% 17.0 6.7 points 22...
You are the manager in a market composed of 21 firms, each of which has a 4.76 percent market share. In addition, each firm has a strong financial position and is located within a 100-mile radius of its competitors. Instruction: Enter your responses rounded to the nearest penny (two decimal places). a. Calculate the premerger Herfindahl-Hirschman index (HHI) for this market. b. Suppose that any two of these firms merge. What is the postmerger HHI?
You are the manager in a market composed of 19 firms, each of which has a 5.26 percent market share. In addition, each firm has a strong financial position and is located within a 100-mile radius of its competitors. Instruction: Enter your responses rounded to the nearest penny (two decimal places). a. Calculate the premerger Herfindahl-Hirschman index (HHI) for this market. 525.68 b. Suppose that any two of these firms merge. What is the postmerger HHI? c. Based only on...
Question 12 (0.2 pots) Calculate the net debt of a firm with a market capitalization (market value of equity) of $63 Billion, market value of debt of $29 Billion, and $2 Billion in cash and equivalents. (Note: Enter your answer in Billions; for example, if you calculate the net debt to be $10 Billion, then enter just 10 in the answer box.] Your Answer: Answer Hide hint for Question 12 net debt - market value of debt - cash
Question 1 3 pts Some key characteristics of a monopoly market is Select] [Select) substitutes for the product: (Select) barriers to entry: Select] market power and are [ Select] Question 8 3 pts A five-firm industry has market shares equal: 65, 15, 10, 5, and 5. The industry's HHI = This industry highly concentrated. (answer is or is not) A merger in this industry likely to be approved. (answer is or is not) Question 7 2 pts In Industry 1,...
I need help calculating the revenue and costs.
In a Monopoly market, a firm is a price maker since there are no close substitutes to the product. You are asked to find the company's Profit-Maximization and Social-Optimal points. Fixed Costs remains at $1,000.00. Graph the D, MR, MC, ATC, AFC, and AVC on one graph. Calculate the revenue, costs, and profits. TC TR TVC 0 АТС AVCAFCMC MR 0 199.99 $1,000 o 10 $189.99 3,000 1,899.9 2,000 300200100200 189.99 20...
1. Welfare loss due to monopoly (Similar to Chapter 3 Question 10) Suppose that the demand for tickets to a game is given by P = 200-0.004A and the corresponding marginal revenue is MR 200-0.008A where A is the number of attendees. Assume that the constant marginal cost of fan attendance is 20 1. What will the price and attendance be with competition 2. How much consumer surplus exists? 3. What are the monopoly price and attendance 4. How much...
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