5) Use the table below to answer the following questions. Table 2 Taco Stans Pizza Sellers Firm Name Sales ($) Firm Name Sales ($) Burnaby X 750 Broadway Pizza 160 Mexico Top 550 Pizza Happy 80 Taco Call 200 Pizza Alex 60 Taco logo 150 Pizza Heaven 50 Total 4 Sales 1650 Total 4 sales 350 Total Sales 1775 Total Sales 1250 a) Refer to Table 2. The four-firm concentration ratio for tacos stands is (show your work) b) Refer to Table 2. The Herfindahl-Hirschman Index (HHI) for tacos is (show your work) c) What is the market Structure for Tacos?
5) Use the table below to answer the following questions. Table 2 Taco Stans Pizza Sellers Firm Name Sales ($) Firm Name Sales ($) Burnaby X 750 Broadway Pizza 160 Mexico Top 550 Pizza Happy 80 Taco Call 200 Pizza Alex 60 Taco logo 150 Pizza Heaven 50 Total 4 Sales 1650 Total 4 sales 350 Total Sales 1775 Total Sales 1250 a) Refer to Table 2. The four-firm concentration ratio for tacos stands is (show your work) b) Refer to Table 2. The Herfindahl-Hirschman Index (HHI) for tacos is (show your work) c) What is the market Structure for Tacos?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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15-12- EE
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5) Use the table below to answer the following questions.
Table 2
Taco Stans
Pizza Sellers
Firm Name
Sales ($)
Firm Name
Sales ($)
Burnaby X
750
Broadway Pizza
160
Mexico Top
550
Pizza Happy
80
Taco Call
200
Pizza Alex
60
Taco logo
150
Pizza Heaven
50
Total 4 Sales
1650
Total 4 sales
350
Total Sales
1775
Total Sales
1250
a) Refer to Table 2. The four-firm concentration ratio for tacos stands is (show your work)
b) Refer to Table 2. The Herfindahl-Hirschman Index (HHI) for tacos is (show your work)
c) What is the market Structure for Tacos?
d) Refer to Table 2. The four-firm concentration ratio for the pizza sellers is (show your work)
e) Refer to Table 2. The Herfindahl-Hirschman Index (HHI) for pizza is (show your work)
f) What is the market structure for Pizza?
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