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Consider data on U.S. refrigerator sales from 2009. the market shares of the top 4 firms was 12% for Sears, 9% for lowes. 5% for walmart and 3.5% for home depot. firms 5 through 25 combined summed to 20.5 % and all other independents outside the top 25 sell firms comprised the other 50% industry sales. what is the 4-firms concentration ration for this industry?
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
Suppose you decide each month how much of your disposable income to spend on health insurance and on other goods. Suppose that both “health insurance” and “other goods” are normal goods. Each unit of health insurance costs $10, and your monthly incom..
Consider a perfectly competitive firm whose minimum average total cost is $100. This firm is representative of all the firms in the market. If the market price is $80, then in the long run. market supply will fall. new, more-efficient firms will be a..
Specify the best parametric model for estimating the direct cost of commercial facility construction projects performed by this firm.
The inverse market demand for fax paper is given by P=400-2Q. There are two firms who produce fax paper. Each firm has a unit cost of production equal to 40, and they compete in the market in quantities. Show how to derive the Cournot-Nash equilibriu..
Which of the following best explains the shape of the individual labor-supply curve? The labor demand curve is based on the firm’s: Investment in human capital implies: Why has there been an increase in the inequality of income? Between two countries..
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.5 million. In your market, you compete against two other deal..
What is the amount of six equal annual deposits that can provide ten annual withdrawals, where a first withdrawal of $10717 is made at the end of year seven and subsequent withdrawals increase at $1875 over the previous year, at an interest rate of 5..
If the point cross-price elasticity of demand between the two companies is 0.5, how many skate- boards will Bruises and Bumps sell if Broken Bones lowers their price 5%?
At what quantity is AVC minimized Suppose this firm sells 3500 units per month at a price of $4000.00 each and has fixed costs of $10,000 per month. What is the firm’s monthly profit? Suppose this firm operates in a perfectly competitive market. Is i..
Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.
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