Homework Answers
HHI = sum of squares market share
= 36^2 + 3^2 + 6^2 + 16^2 + 6^2 + 4^2 + 7^2 + 11^2 + 8(1)^2
= 1827
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Use the following table to answer questions 3 - 6: This table reflects the market shares...
when Krystal watched a tv program her suoתבsuzמו D Question 23 The information below sets out...
when Krystal watched a tv program her
suoתבsuzמו D Question 23 The information below sets out the estimated market shares for the cellular phone ma market Firm Market Share Nokia 34% Fujitsu 3% Kyocera 3% LG 6% Motorola 16% Samsung 6% Sanyo 4% Siemens 7% Sony Ericsson 11% Plus 10 more firms with 1 % each Based on this information, the Herfindahl-Hirschman Index is 2,216 1.272 1.698 1,836
FIRM MARKET SHARE (percent) Motorola 34 LG 26 Samsung 12 Nokia 10 Sanyo 8 Sony 10...
FIRM MARKET SHARE (percent) Motorola 34 LG 26 Samsung 12 Nokia 10 Sanyo 8 Sony 10 Assume the 6 companies listed in the table are the only manufacturers active in the Cell Phone market. Using the market shares provided calculate the HHI for the industry: Now calculate the HHI again assuming Motorola merges with Sony: Do you believe the Justice Department would allow that merger to happen? (yes or no) Which of the following mergers would the Department of Justice...
firms market share % HHI<2100 HHI aftrer Lg &HTC merger HHI after huawei & nokia merger...
firms market share % HHI<2100 HHI aftrer Lg &HTC merger HHI after huawei & nokia merger samsung 30 apple 24 huawei 16 LG 15 yota 5 htc 4 motorola 3 nokia 2 others 1 total 100 What is the value of HHI Index of this market? Support the answer with calculations. If LG wants to merge with HTC, then will US Justice Department block this merger if its guidelines state that HHI Index must be equal to 2100 for this...
Personal Computer Industry Market Shares Assume the following correctly shows the market shares o...
Personal Computer Industry Market Shares Assume the following correctly shows the market shares of the five firms in the market: Firm Market Share ---------- --------------------- Dell 50% HP 30% Gateway 9% Toshiba 6% Apple 5% ------- 100% Refer to Figure 3-5, above. What is the market concentration index and what type of market structure is this industry? The market concentration ratio is 80 and the market type is perfect competition. The market concentration ratio is 89 and the market type...
Use the following information to answer questions 5-6. Consider the following table of long-run total cost...
Use the following information to answer questions 5-6. Consider the following table of long-run total cost for four different firms Quantity 1 Farm 1 $210 $340 $490 5660 $850 Fium 2 S180 55105660 $800 Fimm 3 $120 $250 $390 $700 Fimm 4 $150 $300 $450 $600 $750 $350 $1,060 $930 $870 $900 $1,290 $1,050 $1,050 $1,050 $540 5) Which firm has constant returns to scale over the entire range of output? a) Firm 1 b) Firm 2 c) Firm 3...
Use the following table to answer questions 2-3. Table: The Market for Fried Twinkies Quantity Demanded...
Use the following table to answer questions 2-3. Table: The Market for Fried Twinkies Quantity Demanded 9,000 Price $1.10 1.20 1.30 1.40 1.50 8.000 7.000 6,000 5,000 Quantity Supplied 3,000 5,000 7,000 9,000 11.000 2. Look at the table "The Market for Fried Twinkies. As a result of the $0.30 tax per reduce the government will receive total tax revenue of: The government decides to tax fried Twinkies at a rate of SO. 30 per Twinkle and collect that tax...
3. Market equilibrium The following table shows the annual demand and supply in the market for...
3. Market equilibrium The following table shows the annual demand and supply in the market for shorts in Detroit. Price Quantity Demanded (Pairs of shorts) Quantity Supplied (Pairs of shorts) (Dollars per pair of shorts) 6 1,100 200 12 800 500 18 400 700 24 200 900 30 100 1,000 On the following graph, plot the demand for shorts using the blue point (circle symbol). Next, plot the supply of shorts using the orange point (square symbol). Finally, use the...
Use the information below to answer the following questions. The information in the table below depicts...
Use the information below to answer the following questions. The information in the table below depicts the total demand for premium channel digital cable TV subscriptions in a small urban market. Assume that each digital cable TV operator pays a fixed cost of $100,000 (per year) to provide premium digital channels in the market area and that the marginal cost of providing the premium channel service to a household is zero. Table 16-1 Quantity 0 3,000 6,000 9,000 12,000 15,000...
Use the following information to answers questions 17 to 26. (Long Answer/Essay – primarily Chapter 13 but...
Use the following information to answers questions 17 to 26. (Long Answer/Essay – primarily Chapter 13 but includes concepts from many chapters) You are the CFO of Micro Spinoff Inc. The company has 3,000,000 shares of common stock outstanding at a market price of $50 a share. Micro Spinoff just paid an annual dividend in the amount of $3.12 per share. The dividend growth rate is 5.8 percent annually. Micro Spinoff also has 70,000 bonds outstanding with a face value of...
Use the following to answer questions 6-10: Suppose that firms 1, and 2 are Cournot duopolists...
Use the following to answer questions 6-10: Suppose that firms 1, and 2 are Cournot duopolists in the salt industry. The market demand curve can be specified as Q=20-p, Q=91-92 (The firms choose their quantities simultaneously.) The cost to firm 1 is C(qı)=191. The cost to firm 2 is C(92)=292. Find Firm 1 optimal production levels q1=?. Select one: a. O<q1<2 b. 2<q1<4 C. 4<q1<6 d. 6<91 None of the above 7) Find Firm 2 optimal production levels q2=?. Select...
when Krystal watched a tv program her
suoתבsuzמו D Question 23 The information below sets out the estimated market shares for the cellular phone ma market Firm Market Share Nokia 34% Fujitsu 3% Kyocera 3% LG 6% Motorola 16% Samsung 6% Sanyo 4% Siemens 7% Sony Ericsson 11% Plus 10 more firms with 1 % each Based on this information, the Herfindahl-Hirschman Index is 2,216 1.272 1.698 1,836
FIRM MARKET SHARE (percent) Motorola 34 LG 26 Samsung 12 Nokia 10 Sanyo 8 Sony 10 Assume the 6 companies listed in the table are the only manufacturers active in the Cell Phone market. Using the market shares provided calculate the HHI for the industry: Now calculate the HHI again assuming Motorola merges with Sony: Do you believe the Justice Department would allow that merger to happen? (yes or no) Which of the following mergers would the Department of Justice...
Use the following information to answer questions 5-6. Consider the following table of long-run total cost for four different firms Quantity 1 Farm 1 $210 $340 $490 5660 $850 Fium 2 S180 55105660 $800 Fimm 3 $120 $250 $390 $700 Fimm 4 $150 $300 $450 $600 $750 $350 $1,060 $930 $870 $900 $1,290 $1,050 $1,050 $1,050 $540 5) Which firm has constant returns to scale over the entire range of output? a) Firm 1 b) Firm 2 c) Firm 3...
Use the following table to answer questions 2-3. Table: The Market for Fried Twinkies Quantity Demanded 9,000 Price $1.10 1.20 1.30 1.40 1.50 8.000 7.000 6,000 5,000 Quantity Supplied 3,000 5,000 7,000 9,000 11.000 2. Look at the table "The Market for Fried Twinkies. As a result of the $0.30 tax per reduce the government will receive total tax revenue of: The government decides to tax fried Twinkies at a rate of SO. 30 per Twinkle and collect that tax...
3. Market equilibrium The following table shows the annual demand and supply in the market for shorts in Detroit. Price Quantity Demanded (Pairs of shorts) Quantity Supplied (Pairs of shorts) (Dollars per pair of shorts) 6 1,100 200 12 800 500 18 400 700 24 200 900 30 100 1,000 On the following graph, plot the demand for shorts using the blue point (circle symbol). Next, plot the supply of shorts using the orange point (square symbol). Finally, use the...
Use the information below to answer the following questions. The information in the table below depicts the total demand for premium channel digital cable TV subscriptions in a small urban market. Assume that each digital cable TV operator pays a fixed cost of $100,000 (per year) to provide premium digital channels in the market area and that the marginal cost of providing the premium channel service to a household is zero. Table 16-1 Quantity 0 3,000 6,000 9,000 12,000 15,000...
Use the following to answer questions 6-10: Suppose that firms 1, and 2 are Cournot duopolists in the salt industry. The market demand curve can be specified as Q=20-p, Q=91-92 (The firms choose their quantities simultaneously.) The cost to firm 1 is C(qı)=191. The cost to firm 2 is C(92)=292. Find Firm 1 optimal production levels q1=?. Select one: a. O<q1<2 b. 2<q1<4 C. 4<q1<6 d. 6<91 None of the above 7) Find Firm 2 optimal production levels q2=?. Select...
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