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Author Question: Related to the Economics in Practiceon page 305: Almost 90 percent of advertisements seen in movie ... (Read 14 times)

xroflmao

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on: Apr 19, 2019

Question 1

Industry A has two firms that each control 50 percent of the market. Industry B has three firms, where one firm controls 70 percent of the market and the other two firms control 15 percent of the market each. According to the HHI, which industry is more concentrated?


◦ Industry A
◦ Industry B
◦ Both industries are equally concentrated.
◦ indeterminate from the given information.

Question 2

Related to the
 Economics in Practice on page 305: Almost 90 percent of advertisements seen in movie theaters are produced and sold by two firms. This movie theater advertisement industry would be characterized as


◦ perfectly competitive.
◦ an oligopoly.
◦ a monopoly.
◦ monopolistically competitive.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by xroflmao on Apr 19, 2019

zenzy

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Reply #1 on: Apr 19, 2019
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xroflmao

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

olderstudent

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Reply 3 on: Yesterday
Wow, this really help

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