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Author Question: Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who ... (Read 213 times)

kellyjaisingh

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Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative.
 
  Indicate whether the statement is true or false

Question 2

Consider an industry that is made up of nine firms each with a market share (percent of sales) as follows:
 
  a. Firm A: 30
  b. Firm B: 20
  c. Firms C, D, and E: 10 each
  d. Firms F, G, H, and J: 5 each
 
  What is the value of the four-firm concentration ratio and how is the industry categorized?
  A) 80; strongly oligopolistic B) 70; oligopoly
  C) 50; monopolistic competition D) 75; oligopoly


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alvinum

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kellyjaisingh

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Reply 2 on: Jun 29, 2018
Gracias!


apple

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Reply 3 on: Yesterday
:D TYSM

 

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