Find the Herfindahl Index and the Four-Firm Concentration Ratio for an industry with: Five firms—one with...
- Find the Herfindahl Index and the Four-Firm Concentration Ratio for an industry with:
- Five firms—one with 60 percent of the market and others with 25, 10, 3, and 2 percent of the market, respectively.
- One firm with 60 percent of the market and four others with 10 percent each.
- Ten firms with 8 percent of the market each and four other firms have 5 each.
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Find the Herfindahl Index and the Four-Firm Concentration Ratio
for an industry with:
Five firms—one with...
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.
What is the approximate Herfindahl index and the four-firm concentration ratio? Suppose the pizza market is...
What is the approximate Herfindahl index and the four-firm
concentration ratio?
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 2.2 2.0 51.4
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....
1. An industry having a four-firm concentration ratio of 85 percent: a. is an oligopoly. b....
1. An industry having a four-firm concentration ratio of 85 percent: a. is an oligopoly. b. is monopolistically competitive. c. is a monopoly. d. approximates perfect competition. 2. Industry Y is dominated by four large firms that hold market shares of 15, 20, 30 and, 35. If all the firms in industry Y merged into a single firm, the Herfindahl Index would become: a. 100 b. 10,000 c. 100,000 d. 1,000
Suppose the firms in a five-firm industry have market shares of 30, 30, 20, 10, and...
Suppose the firms in a five-firm industry have market shares of 30, 30, 20, 10, and 10 percent, respectively. The Herfindahl index for the industry is Multiple Choice A) 1,900. B) 2,400. C) 90. D) 10,000.
Which of the following are measures of industry concentration? A Four-firm concentration ratio @ HH index...
Which of the following are measures of industry concentration? A Four-firm concentration ratio @ HH index C Consumer surplus (D Four-firm concentration ratio and HHI index Question 2 In perfect competition, which is NOT true? (A) Every firm has a small but perceivable market power. (B) There are a large number of firms. © Firms are price-takers (D) Firms produce homogenous goods
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...
1.Calculate the Herfindahl index and the four-firm concentration ratio for the following industry; Use the following figure to answer questions 2-4. ms Market Stare Price MC ATC 2. Is the firm in...
1.Calculate the Herfindahl index and the four-firm concentration ratio for the following industry; Use the following figure to answer questions 2-4. ms Market Stare Price MC ATC 2. Is the firm in the figure a natural monopoly? Explain your answer 3. Will the firm in the figure earn profits if it produces Q, and charges P? Explain your answer. 4. Which quantity in the figure is consistent with profit regulation? With price regulation? Explain your answers.
1.Calculate the Herfindahl index...
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...
The following table reports the four-firm concentration ratio for five different industries:
The following table reports the four-firm concentration ratio for five different industries:Refer to the table above. In which industry do the four largest firms have the most market power?Refer to the table above. In which industry do the four largest firms have the least market power?
What is the approximate Herfindahl index and the four-firm
concentration ratio?
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 2.2 2.0 51.4
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....
Which of the following are measures of industry concentration? A Four-firm concentration ratio @ HH index C Consumer surplus (D Four-firm concentration ratio and HHI index Question 2 In perfect competition, which is NOT true? (A) Every firm has a small but perceivable market power. (B) There are a large number of firms. © Firms are price-takers (D) Firms produce homogenous goods
1.Calculate the Herfindahl index and the four-firm concentration ratio for the following industry; Use the following figure to answer questions 2-4. ms Market Stare Price MC ATC 2. Is the firm in the figure a natural monopoly? Explain your answer 3. Will the firm in the figure earn profits if it produces Q, and charges P? Explain your answer. 4. Which quantity in the figure is consistent with profit regulation? With price regulation? Explain your answers.
1.Calculate the Herfindahl index...
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...
The following table reports the four-firm concentration ratio for five different industries:Refer to the table above. In which industry do the four largest firms have the most market power?Refer to the table above. In which industry do the four largest firms have the least market power?
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