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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 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?
Suppose an industry has 10 firms, each with an equal 10 percent share of the market....
Suppose an industry has 10 firms, each with an equal 10 percent share of the market. According to the Herfindahl-Hirschman Index (HHI), if two firms propose to merge, will the Department of Justice and the Federal Trade Commission allow it? I need answers for all three questions A) First, the HHI before the proposed merger is _____ B) With the proposed merger, the HHI is ______ C)The Department of Justice and the Federal Trade Commission _________ challenge the proposed merger....
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?
Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion....
Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,085. Case’s share of that market was 11 percent, while Fiat comprised just 7 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase? Based only on this information, is the Justice Department likely to challenge...
based only on the knowledge that the preserver market share of two firms proposing to merg...
based only on the knowledge that the preserver market share of
two firms proposing to merg
14. Based only on the knowledge that the premerger market share of two firms proposing to merge was 25% and 20%, an economist working for the Justice Department was able to determine that, if approved, the postmerger HHI would increase by 1000. How was the economist able to draw this conclusion without the knowledge of the other firms' market shares? (16 points)
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...
please complete chart ram producing firms market share % HHI index value HHI Index crucial +...
please complete chart ram producing firms market share % HHI index value HHI Index crucial + Geil Merger HHI index PQI + OCZ +PNY Merger Kingston 20 corsair 18 crucial 15 geil 14 PQI 10 OCZ 8 PNY 6 Micron 5 others 4 total 100 HHI = HHI = HHI = a. What is the value of HHI Index of this market? Suppport the answer with calculations in table's third column b. If Crucial wants to merge with Geil, then...
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...
Market shares in the U.S. cigarette industry are as follows. Cigarette Company Market Share (Percent) Altria...
Market shares in the U.S. cigarette industry are as follows. Cigarette Company Market Share (Percent) Altria 50 Reynolds 35 Vector 5 Republic 4 three smallest companies each 2 Total 100 1. 1. Define the four-firm concentration ratio of an industry. Compute the four-firm concentration ratio for the cigarette industry. Show your computation. 2. Define the Herfindahl-Hirschman index (HHI). Compute the HHI for the cigarette industry. Show your computation. 3. The cigarette industry is often described as a “duopoly.” Explain...
Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers...
Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists’ definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market. Additionally, suppose that the (wholesale) market elasticity of demand for Scotch liquor is -1.4 and that it costs $15.90 to produce and distribute each liter of...
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?
based only on the knowledge that the preserver market share of
two firms proposing to merg
14. Based only on the knowledge that the premerger market share of two firms proposing to merge was 25% and 20%, an economist working for the Justice Department was able to determine that, if approved, the postmerger HHI would increase by 1000. How was the economist able to draw this conclusion without the knowledge of the other firms' market shares? (16 points)
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