Homework Answers
Concentration ratio is the the the Percentage share of different firms in the industry.
it is measured in four firm concentration ratio or three firm concentration ratio or in any number .
4 firm concentration ratio means the market share of four largest firms in the industry . .
So full form concentration ratio is the answer
Consumer price index measures the ratio of market basket of a good in the current year to the market basket of good in the base year .
it is measured with the base price year and it is a weighted average of different goods and services in a year.
Herfindahl hirshman index gives the the total market share of different firms in the industry
It does not represents the sales controlled by industry largest firms..
So the answer is option B
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The measures the share of industry sales controlled by the industry's largest firms. O Producer Price...
Industry A has four firms. The largest firm in Industry A has more than 90 percent...
Industry A has four firms. The largest firm in Industry A has more than 90 percent of the market share. Industry B also has four firms, but each of those four firms in Industry B has 25 percent of the market share. The Herfindahl-Hirschman index will be A. larger for Industry B than Industry A, but the four-firm concentration will be the same. В. tte same for both industries, but the four-firm concentration will be larger for industry Y than Industry A C....
Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its...
Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is 30 percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is 13.33 percent. Then a sixth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures 6.67percent market share, and the market share of one of the smallest three original incumbents declines...
Suppose that a company based in Dallas, Texas, confronts only four other rival firms. Its own...
Suppose that a company based in Dallas, Texas, confronts only four other rival firms. Its own market share is 37 percent, which ties it with the other largest producer and seller in the industry. The other three firms each have a 8.67 percent market share. What is the value of the Herfindahl-Hirschman index? The value of the Herfindahl-Hirschman index is O A. 2,963.5. B. 2,020.7. C. 2,738.0. D. 2,888.3.
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...
Consider two industries, industry W and industry X. In industry W there are five companies, each...
Consider two industries, industry W and industry X. In industry W there are five companies, each with a market share of 20% of total sales. In industry X, there are six companies. One company has a 50% market share and each of the other five firms has a market share of 10%. a. Calculate the four-firm concentration ratio for each industry. b. Calculate the Herfindahl-Hirschman Index (HHI) for each industry. c. What do the values of the two concentration measures imply about the...
An industry consists of three firms with sales of $225,000, $485,000, and $320,000. a. Calculate the...
An industry consists of three firms with sales of $225,000, $485,000, and $320,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Enter your response rounded to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $225,000 and $320,000?
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...
An industry is composed of five firms. The sales in this market, from largest to smallest...
An industry is composed of five firms. The sales in this market, from largest to smallest firm are $10, $5, $2, $2,$1. What is the industry's four-firm concentration ratio? a) C4=1.00 b) C4=0.90 c) C4=0.85 d) C4=0.95
An industry has five firms. Each of the four firms in the industry has a market...
An industry has five firms. Each of the four firms in the industry has a market share of 22 percent, and the last firm has a market share of 12 percent. Calculate the Herfindahl index and four-firm concentration ratio for the industry.
please answer asapp 29 of 48 (24 complete) This Question: 1 pt Suppose that a company...
please answer asapp
29 of 48 (24 complete) This Question: 1 pt Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is 38 percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is 8.00 percent Then a sbeth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures 4.00percent market share and...
Industry A has four firms. The largest firm in Industry A has more than 90 percent of the market share. Industry B also has four firms, but each of those four firms in Industry B has 25 percent of the market share. The Herfindahl-Hirschman index will be A. larger for Industry B than Industry A, but the four-firm concentration will be the same. В. tte same for both industries, but the four-firm concentration will be larger for industry Y than Industry A C....
Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is 30 percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is 13.33 percent. Then a sixth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures 6.67percent market share, and the market share of one of the smallest three original incumbents declines...
Suppose that a company based in Dallas, Texas, confronts only four other rival firms. Its own market share is 37 percent, which ties it with the other largest producer and seller in the industry. The other three firms each have a 8.67 percent market share. What is the value of the Herfindahl-Hirschman index? The value of the Herfindahl-Hirschman index is O A. 2,963.5. B. 2,020.7. C. 2,738.0. D. 2,888.3.
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...
please answer asapp
29 of 48 (24 complete) This Question: 1 pt Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is 38 percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is 8.00 percent Then a sbeth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures 4.00percent market share and...
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