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MC 14 13 12 ATC 11 10 MR piperinga monpaly copete indntry in the ng we an epedto ee Ohe ypcal he lypal m mer Iech fm expands expand a preuon hecomes mare effcint point on s ATC une nic profts ae es

MC 14 13 12 ATC 11 10 MR piperinga monpaly copete indntry in the ng we an epedto ee Ohe ypcal he lypal m mer Iech fm expands expand a preuon hecomes mare effcint point on s ATC une nic profts ae es

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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penumy.edu LA0 u ten Que Complio St QUESTION 2Y MC 14 13 ATC MR 登 S8R Shce tm the above e is perng monopeicaly competve indutry in the long n we an expect o see Othe lypical fm's econom prolts expand as preduction hecomes more efficient Ohe lypal em praducng theimu po on ATC curve O mar mseterng the ndty un ecunomie profs ah empand share of the tet QUESTION 23 Suppese an indstry has utal sales f 25 millon per y The teo larpest fems have sales of $6 millen each the id largest fem has sales of 2 miion, and the fourth largest f has sales of S1 millon The rm conceation ratio for thin nduty O 30 percent O 1 percent O25 percent O 60 percent QUESTION 24 Suppose there are four frm in an industry The market shares of the four fems are 5 percent, 20 percent 35 percert, and 40 percent The Hurfindahi Hischan index tor that industry O 100 O6 650 O 1.250 O 3250 Chck Sane and Sulmit to ae and aulimit. Click Sate All Anaue to se all aencers Sa A
Transcribed Image Text:penumy.edu LA0 u ten Que Complio St QUESTION 2Y MC 14 13 ATC MR 登 S8R Shce tm the above e is perng monopeicaly competve indutry in the long n we an expect o see Othe lypical fm's econom prolts expand as preduction hecomes more efficient Ohe lypal em praducng theimu po on ATC curve O mar mseterng the ndty un ecunomie profs ah empand share of the tet QUESTION 23 Suppese an indstry has utal sales f 25 millon per y The teo larpest fems have sales of $6 millen each the id largest fem has sales of 2 miion, and the fourth largest f has sales of S1 millon The rm conceation ratio for thin nduty O 30 percent O 1 percent O25 percent O 60 percent QUESTION 24 Suppose there are four frm in an industry The market shares of the four fems are 5 percent, 20 percent 35 percert, and 40 percent The Hurfindahi Hischan index tor that industry O 100 O6 650 O 1.250 O 3250 Chck Sane and Sulmit to ae and aulimit. Click Sate All Anaue to se all aencers Sa A
QUESTION 23 Suppose an industry has total sales of $25 million per year The two largest fiema have sales of S6 milion each the third largest fim has sales of 52 milion, and the fourth largest fim has sales of miln The four-fim concentration ratio for this industry is O 36 percent O 50 percent O 25 percent O 60 percent QUESTION 24 Suppose there are four firms in an industry The market shares of the four firms are 5 percent, 20 percent. 35 percent, and 40 percent The Herfindah schman index fur that industry is O 100 O 6.650 O 1,250 O 3.250
Transcribed Image Text:QUESTION 23 Suppose an industry has total sales of $25 million per year The two largest fiema have sales of S6 milion each the third largest fim has sales of 52 milion, and the fourth largest fim has sales of miln The four-fim concentration ratio for this industry is O 36 percent O 50 percent O 25 percent O 60 percent QUESTION 24 Suppose there are four firms in an industry The market shares of the four firms are 5 percent, 20 percent. 35 percent, and 40 percent The Herfindah schman index fur that industry is O 100 O 6.650 O 1,250 O 3.250
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