Calculate the six-firm concentration ratio

Assignment Help Managerial Economics
Reference no: EM13509894

Q1. Assume the market shares of the six largest firms in an industry are 12 percent each. Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.

Q2. Assume good X is produced in a monopolistically competitive market. In addition, each of the firms in the industry uses essentially the same technology. Competitors distinguish their individual products primarily through persuasive advertising. Assume that one of the firms in the market discovers a new production process that substantially reduces the average costs of production. Analyze the effects of this discovery o n long-run equilibrium in the market. Use a graph to show your answer.

Reference no: EM13509894

Questions Cloud

What the depreciation expense for 2013 should be : After the overhaul gates estimated that the useful life would be extended 4 years. And the salvage value would be 30000. The depreciation expense for 2013 should be?
Functional leadership-situational leadership : There are various leadership styles, and each one can impact a group's effectiveness. Knowing how different styles of leadership operate will enable you to make choices of how you will lead. This information can also be useful in choosing the type..
Determine the total angular displacement of the propeller : The drive propeller of a ship starts from rest and accelerates at 3.00 x 10-3 rad/s2 for 2.70 x 103 s. Find the total angular displacement of the propeller
Evaluation of agency''s public personnel administration : Evaluation of Agency's Public Personnel Administration
Calculate the six-firm concentration ratio : Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.
Find the maximum charge on the capacitor : Consider a resistor series RC circuit with a 6.7 µF, capacitor, a 4.5 × 10^6? resistor and 38 V emf. Find the maximum charge on the capacitor
Demand on equilibrium market price and output : The corresponding average total cost is $3.50 and total fixed costs equal $1250. Based on this information, should this firm continue to operate in the short run? Why or why not - what will happen in each of the following cases to average and marg..
Determine how the explosion in internet technology : Determine how the explosion in Internet technology and information systems
What is its acceleration down the plane : A force F is applied horizontally to a block of mass 2 kg which, nevertheless, slides down a frictionless 5-m plane inclined at 25 degrees to the horizontal. what is its acceleration down the plane

Reviews

Write a Review

Managerial Economics Questions & Answers

  Decision management and decision control

Define and explain the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?

  Structure of industry

What is the outcome in terms of profitability and result in this Industry - submit a paper on an Industry of your choice.

  Draw the firms average and marginal cost curves

Draw the firm's average and marginal cost curves on the following diagram and the information in the following table relates to a firm's average and marginal costs of operating each of three plants (X, Y and Z). Each plant has a U-shaped average c..

  Calculating total profit and revenue

Assume a company is operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost.

  Financial impact of outsourcing the grounds maintenance

College A is planning outsourcing their groundskeeping. They have been given a bid from Groundskeeper Willie for $250,000 a year, with the claim that he will keep school grounds in the same condition they are in now.

  Calculate maximize profit

The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given through the following relationship:

  Q1 prepare the sketch the fourier transform of a

q1. prepare the sketch the fourier transform of a rectangular pulse of amplitude 10 v and width 0.1 second that is

  Calculating units of output

Ann McCutcheon is  employed  as a consultant to a company producing ball bearings. This company sells in two distinct markets, each of which is completely sealed off from the other.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Expected benefits for a risk neutral manager

BK books is an online retailer that also has 10,000 bricks and mortar outlets worldwide. You are a risk neutral manager within Corporate Finance Division and are in dire need of a new financial analyst.

  1 suppose your companys method of making decisions under

1. suppose your companys method of making decisions under risk is making the best out of the worst possible outcome.

  Calculation of breakeven units

Jesse, Corporation, located in Mesa, Arizona, manufactures high-end baby chairs. The company's cost accountant, Lisa, has been assigned through the CEO to determine how many baby chairs Jesse, needs to make and sell in order to break even.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd