« previous next »

Author Question: Listed in the above table are the market shares for the firms in two different industries. Each ... (Read 105 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Listed in the above table are the market shares for the firms in two different industries. Each industry has only eleven firms. Find the four-firm concentration ratio and the Herfindahl-Hirschman Index for each industry.
 
  What will be an ideal response?

Question 2

If a monopolist can perfectly price discriminate, then
 
  A) price equals average cost for each unit sold.
  B) price equals marginal cost for each unit sold.
  C) price equals marginal cost for the last unit sold.
  D) the firm can ignore the marginal cost curve.


strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

Industry A has a four-firm concentration ratio of 59 percent and a Herfindahl-Hirschman Index of 1,186. Industry B has a four-firm concentration ratio of 39 percent and Herfindahl-Hirschman Index of 914.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

swpotter12

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jun 29, 2018
Thank you


strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Frank Lloyd Wright, Table lamp, executed for the Linden Glass Co. for the Susan Lawrence Dana ... Frank Lloyd Wright, Table lamp, executed for the Linden Glass Co. for the Susan Lawrence Dana ...
a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ... a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ...
Stretch the extensor muscles with flexion at the wrist. Reposition the palm to face the table. Apply ... Stretch the extensor muscles with flexion at the wrist. Reposition the palm to face the table. Apply ...
Clear the tarsals, metatarsals, and toes. Stand at the end of the table, support the plantar surface ... Clear the tarsals, metatarsals, and toes. Stand at the end of the table, support the plantar surface ...
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library