Answered: 35. Use Table 11.5 to calculate the…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter11: Monopoly And Antitrust Policy

Section: Chapter Questions

Problem 13RQ: How do we measure a four-firm concentration ratio? What does a high measure mean about the extent of...

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Question

D.In the middle of the twentieth century, major U.S.
cities had multiple competing city bus companies.
Today, there is usually only one and it runs as a
subsidized, regulated monopoly. What do you suppose
caused the change?

35. Use Table 11.5 to calculate the four-firm
concentration ratio for the U.S. auto market. Does this
indicate a concentrated market or not?
GM
19%
Ford
17%
Toyota
14%
Chrysler
11%

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