ZuoTi.Pro
Question

What is the concentration ratio in an industry with the following market shares? Firm Market Share B 4.9 E F Omo 1.5 5.6 - Ot

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Concentration Ratio = 5.6+4.9+4.1+3.2 = 17.8 percent

Concentration ratio is the summation of largest 4 firms' market share. In our case it is 17.8 percent showing the market is quite competitive.

0 0
Add a comment
Know the answer?
Add Answer to:
What is the concentration ratio in an industry with the following market shares? Firm Market Share B 4.9 E F Omo 1.5 5....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 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.

  • 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

  • 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...

  • 5) A firm’s market share is the quantity the firm sells, divided by the total market...

    5) A firm’s market share is the quantity the firm sells, divided by the total market quantity. In an industry there are 11 firms with market shares: 10%, 20%, 15%, 5%, 30%, 10%, and five additional firms with 2% each. a) The I4 index is defined as the sum of shares of the largest 4 firms in the market. What is the I4 index of market concentration for this market? The I8 index is the sum of the shares of...

  • 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 you are given the following information about a particular industry: Market demand Market supply QD...

    Suppose you are given the following information about a particular industry: Market demand Market supply QD = 14400 - 100P QS = 1500P C(a)=673 + 20 MC(q) = 200 Firm total cost function Firm marginal cost function. Assume that all firms are identical and that the market is characterized by perfect competition. Find the equilibrium price, the equilibrium quantity, the output supplied by the firm, and the profit of each firm. The equilibrium price is $ 9. (Enter your response...

  • Sum of the market shares of the four largest firms in an A. industry B. Make...

    Sum of the market shares of the four largest firms in an A. industry B. Make all types of monopoly illegal Two firms of similar sizes combine to become one Sum of the squares of the market shares of each of the top C 4 firms in an industry In 2017, Amazon bought Whole Foods for about $14 billion D. Bundling The four-firm concentration ratio E. Sarnaes-Oxley Act The Herfindahl-Hirshman Index (HHI) F. Predatory pricing Anti-trust laws Sum of the...

  • Suppose an industry originally consists of 11 firms (A, B, C, D, E, F, G, H,...

    Suppose an industry originally consists of 11 firms (A, B, C, D, E, F, G, H, I, J & K) with the following market shares: Firm(s): A B C D E F G thru K Market Share: 20% 20% 15% 15% 10% 10% 2% each Now suppose Firms D & E merge. How will federal antitrust regulators (the Department of Justice and the Federal Trade Commission) respond? A. Merger will be allowed. B. Merger is unlikely to be challenged. C....

  • The table below shows recent worldwide market shares of producers of inkjet​ printers: Firm Share of...

    The table below shows recent worldwide market shares of producers of inkjet​ printers: Firm Share of Worldwide Market Sales Brother 44​% Canon 1616 Dell 66 Epson 1818 ​Hewlett-Packard 4141 Lexmark 1313 Samsung 11 Other 11 The value of the​ Herfindahl-Hirschman index for the industry is nothing. ​(Enter your response as a whole​ number.)

  • Question 26 (1 point) Calculate the market to book ratio of a firm with a current...

    Question 26 (1 point) Calculate the market to book ratio of a firm with a current share price of $31.12, a book value of equity of $3,000,000,000, and 99,000,000 shares outstanding. Round your answer to four decimal places. Your Answer D View hint for Question 26 Question 27 (1 point) If a company's profit margin is 6% and its total asset turnover is 2.5, what is its return on assets (ROA)? (Ehter your answers as a decimal rounded to 4...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT