Market Share (%Suppose that the table shows market share data for all of theRestaurantsushi restaurants in townAhi Sushi4525ShizuokaCalculate the Herfindahl-Hirschman index (HHI) for thelocal sushi market.Yoshinos15Ono Sushi10ArigatoНHI:

The herfindahl-hirschman index (HHI) is a common measure of market concentration and is used to…

Answered: Market Share (% Suppose that the table…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

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Chapter1: Making Economics Decisions

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This question is inspired on the recent evolution of electricity markets in Switzerland and the EU.Suppose a market consists of three producers:i. Firm 1 (photovoltaics) has a marginal cost of production od CHF 1 and can produce up to 100 MW/h;ii. Firm 2 (hydroelectric) has a marginal cost od production of CHF 5 and can produce up to 200 MW/H;iii. Firm 3 (gas) has a marginal cost od production of CHF 20 and can produce up to 200 MW/h.For simplicity, assume that there are no fixed costs of production.Consumers are willing to pay a constant amount of 25 CHF for each additional MW/h up to 500 MW/h. a) Draw a graph of supply and demand for this market.b) Calculate the price in the market and the profits of each company.
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The closer a market's Herfindahl - Hirschman Index (HHI) is to there are firms in the market. A. 100; many B. 10,000; few C. 100; few D. 10,000; many the less competitive the market, which means
PLEASE TYPE Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms. Market Share Firms 2008 2013 A B C D E F G H I G 26% 21% 16% 10% 9% 7% 4% 3% 2% 2% 22% 23% 19% 9% 8% 7% 6% 4% 1% 1% Using the CR4, CR8, and HHI, analyze the evolution of the potential market power of firms in the industry.
7. A brand switching matrix for five brands in a Fast-Moving Consumer Goods (FMCG) category is show below for Weeks 1 and 2. Of the five brands, Brand C decreased its price by 1% from Week 1 to 2 whereas all the other brands kept their prices the same across the two weeks. Week 2 Purchase Brands A E A 399 190 90 52 80 195 199 55 47 31 Week 1 75 54 187 22 9. Purchase 54 44 23 110 22 E 82 26 12 27 65 (а) ( What is Brand C's self-price elasticity of demand? Show work. (b) ( What is Brand E's market share in Week 2? Show work.
In 2017, two beer drinkers in California filed a lawsuit against Kona Brewing Company, which sells Kona beer. The beer drinkers claimed that Kona was marketed as if it were brewed in Hawaii, but the beer is actually brewed in Oregon, Washington, Tennessee, and New Hampshire. Source: Cameron Miculka, "Suit Alleges Misrepresentation by Kona Brewing Co. Owner," westhawaiitoday.com, March 3, 2017. If the market for beer were perfectly competitive, the location of breweries would A. be in the same geographic area. B. not matter to consumers since the product would be homogeneous. C. be outside the United States. D. not matter to consumers since the product would be heterogeneous.
1
1. Suppose you are the economic adviser of a company producing three brands of mobile phones; Nokia 10, Samsung X and iPhone Z. Suppose further that, your company currently sells 120 Units of iPhone Z at ¢800 per unit, 150 units of Samsung X at ¢800 per unit and 200 units of Nokia 10 at ¢100 per unit, but in a bid to maximize profit, the company’s managing director proposes an increase in price of Samsung X from ¢800 to ¢1000 per unit for which quantity demanded is anticipated to fall from 150 to 100 units; iPhone Z from ¢800 to ¢1200 per unit for which quantity demanded is anticipated to fall from 120 to 100 units; and Nokia 10 from ¢100 to ¢200 per unit for which quantity demanded is expected to fall from 200 to 100 units. I. Using the mid-point formula, compute the price elasticity of demand for each brand. II. From your answer in i, what is the type and economic interpretation of each brand’s value of elasticity

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Market Share (% Suppose that the table shows market share data for all of the Restaurant sushi restaurants in town Ahi Sushi 45 25 Shizuoka Calculate the Herfindahl-Hirschman index (HHI) for the local sushi market. Yoshinos 15 Ono Sushi 10 Arigato НHI: