« previous next »

Author Question: An industry's total revenue is 100 million. The above table shows the total revenue of the four ... (Read 84 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
An industry's total revenue is 100 million. The above table shows the total revenue of the four largest firms in an industry.
 
  a. Calculate this industry's four-firm concentration ratio.
  b. Is this industry competitive?
  c. What market type does it most likely represent?

Question 2

Economic growth entails an increase in the rate of production of
 
  A) material goods.
  B) services.
  C) the money supply.
  D) wealth.


kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. The four-firm concentration rate is 30 percent.
b. Because the four-firm concentration ratio is relatively low, the industry is competitive.
c. The industry is most likely monopolistic competition.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
Checklist for Choosing a Massage Table Cont. Checklist for Choosing a Massage Table Cont.
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Self-crossing F2 plants to produce an F3 generation shows that there are two different genotypes amo Self-crossing F2 plants to produce an F3 generation shows that there are two different genotypes amo
Table - Correlation Analysis Table - Correlation Analysis
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library