Ten firms compete in a market to sell product X. The total sales of all firms...
Ten firms compete in a market to sell product X. The total sales
of all firms selling the
product are $2 million. Ranking the firms’ sales from highest to
lowest, we find the
top four firms’ sales to be $260,000, $220,000, $150,000, and
$130,000, respectively.
Calculate the four-firm concentration ratio in the market for
product X. (LO1)
Homework Answers
Total sales by four firms = 260000 + 220000 + 150000 + 130000 = 760000
Four firm concentration ratio = Total sales by four firms / total sales by all firms = 760000 / 2000000 = 0.38 or 38%
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Ten firms compete in a market to sell product X. The total sales
of all firms...
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answer the below question please make sure it is clear ,
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Item1 1points ItemSkipped eBook Print References Check my workCheck My Work button is now disabled Item 1 Item 1 1 points Item Skipped Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $2,000,000. Ranking the firms’ sales from highest to lowest, we find the top four firms’ sales to be $260,000, $220,000, $150,000, and $130,000, respectively. Calculate the four-firm concentration ratio in the market for product X.
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Please show step by step.
Two firms compete in a market to sell a homogeneous product with inverse demand function P= 600 - 3Q. Each firm produces at a constant marginal cost of $300 and has no fixed costs. Use this Information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior. Instruction: Do not round Intermediate calculations. Round final answers to two decimal places for Cournot values. Cournot output for each firm:...
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Two firms compete in a market to sell a homogeneous product with inverse demand function. P = 500 – 2Q. Each firm produces at a constant marginal cost of $100 and has no fixed costs. Use this information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior. Show the detail of your work and summarize your results in a table. Outputs Profits il= Cournot 12= Stackelberg Ql= Q2= Q1= Q2= Ql= Q2=...
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answer the below question please make sure it is clear ,
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Please show step by step.
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Two firms compete in a market to sell a homogeneous product with inverse demand function. P = 500 – 2Q. Each firm produces at a constant marginal cost of $100 and has no fixed costs. Use this information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior. Show the detail of your work and summarize your results in a table. Outputs Profits il= Cournot 12= Stackelberg Ql= Q2= Q1= Q2= Ql= Q2=...
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