This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the 2-firm concentration ratio (measuring output) in a Canadian manufacturing industry is ... (Read 100 times)

elarge

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022
Suppose the 2-firm concentration ratio (measuring output) in a Canadian manufacturing industry is over 90%. Why might the market power of these 2 firms be less than the concentration ratio suggests?
◦ The relevant market is regional and so the concentration ratio is not relevant.
◦ A 2-firm concentration ratio does not provide enough information.
◦ A high concentration ratio usually indicates low degrees of market power.
◦ The product is traded internationally and the two Canadian firms compete with many global rivals.
◦ The product is purely domestic and there is no international trade.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by elarge on Oct 12, 2022

dsd1212

  • Full Member
  • ***
  • Posts: 176
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


elarge

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Measuring Patient Height Measuring Patient Height
Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Measuring Limb Circumference Measuring Limb Circumference
Measuring jugular venous pressure Measuring jugular venous pressure
How to solve ratio problems related to chemistry How to solve ratio problems related to chemistry
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library