3. The top four firms in Industry A have market shares of 30, 25, 10, and...

Question

Question

3. The top four firms in Industry A have market shares of 30, 25, 10, and...

3. The top four firms in Industry A have market shares of 30, 25, 10, and 5 percent respectively. The top four firms in industry B have market shares of 15, 12, 8 , and 4 percent respectively. Calculate the four-firm concentration ratios for the two industries. Which industry is more concentrated?

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Four firms concentration ratio = C = w_i

For Industry A

W = maket share

Four firm concentration ratio = C = 30+25+10+5 = 70

For Industry B

Four firms concentration ratio = 15+12+8+4 = 39

Industry A is more concentrated the Industry B

Add a comment

Answer 2

Similar Homework Help Questions

Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%,...

Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the concentration ratios for each industry? Which is more competitive?
Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%,...

Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the concentration ratios for each industry? Which is more competitive?
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.

Question 1 3 pts Some key characteristics of a monopoly market is Select] [Select) substitutes for...

Question 1 3 pts Some key characteristics of a monopoly market is Select] [Select) substitutes for the product: (Select) barriers to entry: Select] market power and are [ Select] Question 8 3 pts A five-firm industry has market shares equal: 65, 15, 10, 5, and 5. The industry's HHI = This industry highly concentrated. (answer is or is not) A merger in this industry likely to be approved. (answer is or is not) Question 7 2 pts In Industry 1,...
The tables below list the market shares held by the major firms in college dining hall...

The tables below list the market shares held by the major firms in college dining hall and coffee shop industries. Calculate the four-firm industry concentration ratio for each industry, then determine which industry is more concentrated. Which industry is more concentrated? Choose one: A. college dining hall food services B. coffee shops C. Neither is bigger.
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.

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....
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.
Question 25 2 pts In the automobile industry, the four largest firms have market shares of...

Question 25 2 pts In the automobile industry, the four largest firms have market shares of 52%, 16%, 8%, and 5%. The four-firm concentration ratio equals: 81 52 162 3049 Question 24 2 pts Student discounts are an example of what type of price discrimination? Third-degree First-degree This is not price discrimination Second-degree Question 23 2 pts Buy two, get one free is an example of what type of price discrimination? First-degree Third-degree This is not price discrimination Second-degree

20. The top eight firms in an industry control, respectively, 15%, 10%, 9%, 8%, 7%, 6%,...

20. The top eight firms in an industry control, respectively, 15%, 10%, 9%, 8%, 7%, 6%, 5%, and 4% of the industry. What is the four-firm concentration ratio? 64 15 100 42

3. The top four firms in Industry A have market shares of 30, 25, 10, and...

Homework Answers

Add Answer to:
3. The top four firms in Industry A have market shares of 30, 25, 10, and...

Post as a guest

Earn Coins

Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%,...

Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%,...

Suppose the firms in a five-firm industry have market shares of 30, 30, 20, 10, and...

Question 1 3 pts Some key characteristics of a monopoly market is Select] [Select) substitutes for...

The tables below list the market shares held by the major firms in college dining hall...

Find the Herfindahl Index and the Four-Firm Concentration Ratio for an industry with: Five firms—one with...

Industry A has four firms. The largest firm in Industry A has more than 90 percent...

An industry has five firms. Each of the four firms in the industry has a market...

Question 25 2 pts In the automobile industry, the four largest firms have market shares of...

20. The top eight firms in an industry control, respectively, 15%, 10%, 9%, 8%, 7%, 6%,...

3. The top four firms in Industry A have market shares of 30, 25, 10, and...

Homework Answers

Add Answer to: 3. The top four firms in Industry A have market shares of 30, 25, 10, and...

Post as a guest

Earn Coins

Add Answer to:
3. The top four firms in Industry A have market shares of 30, 25, 10, and...