Reference no: EM131166664
Describe the dominant characteristics of the industry in which your company operates, addressing the following questions:
• Who are your main competitors?
• Are they significant barriers to entry?
• What is your company's market share?
• What is the market share of your main competitors?
• What is the four-firm concentration ratio in your industry? Over time, has this ratio increased, decreased, or remained constant?
• Is your company a military contractor? If so, how are prices determined?
• Based on your previous answer, is your industry moving more in the direction of competition or is it moving more in the direction of market power?