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Author Question: The concentration measures for the United States calculated by the Department of Commerce understate ... (Read 93 times)

Kthamas

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on: Jun 29, 2018
The concentration measures for the United States calculated by the Department of Commerce understate the degree of concentration in the newspaper industry. Do you agree? Explain.
 
  What will be an ideal response?

Question 2

In the above figure, Mark's monthly budget line for movies and plays changed, as shown by the arrow. Responding to this change, Mark probably will see
 
  A) fewer movies and fewer plays.
  B) fewer movies and more plays.
  C) more movies and fewer plays.
  D) more movies and more plays.


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jaaaaaaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Yes. The concentration measures calculated by the Department of Commerce take a national view of the market while the newspaper industry consists of mainly local markets. The calculated concentration measures for newspapers are low, but there is a high degree of concentration in the newspaper industry in most cities.

Answer to Question 2

B


Kthamas

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Reply #2 on: Jun 29, 2018
Thank you


jaaaaaaa

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Reply #3 on: Jun 29, 2018
No problemo


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