The Costa Rican gimble industry consists of 14 firms whose annual sales are as shown in the table below: \table[[Firm,Sales (in millions)], [A, 4], [B, 8], [C, 12], [D, 18], [E, 23], [F, 17], [Next eight firms (total), 18]] a. What is the (four-) firmconcentration ratio for this industry? Four firm concentration: % b. In what type of market does the gimble industryoperate? Market type:cThe Costa Rican gimble industry consists of 14 firms whose annual sales are as shown in the table below:FirmASales (in millions)4BCDEFNext eight firms (total)81218231718a. What is the (four-) firm concentration ratio for this industry?Four firm concentration:%b. In what type of market does the gimble industry operate?Market type: (Click to select)v

To answer this question, we need to calculate the four-firm concentration ratio and then analyze the…

Answered: The Costa Rican gimble industry…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Step 1 of 2: Use the following table with the sample data to calculate the four-firm concentration ratio for the U.S. auto market. Round your answer to the nearest whole number if necessary. Market Shares in the U.S. Auto Market GM 18%18% Ford 16%16% Toyota 14%14% Chrysler 10%
The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. The "other" row is comprised of a number of small firms. Round each value to 2 decimal points. SI Firm % Acme Co Baluga, LLC Cran Inc Delta Co Eagle Inc Fox Inc What is the Four Firm Concentration Ratio? Other Revenue in $ 245.00 595.00 105.00 170.00 725.00 515.00 990.00 Market Share in % ← A - ← A ←
Consider an industry with that contains the following firms Total Revenue Firm A $45,000 Firm B $35,000 Firm C $50,000 Firm D $10,000 Firm E $60,000 Calculate the four firm concentration ratio
The table below shows revenue data for different firms producing cell phones. Use the given information to determine the 4 Firm Concentration ratio. Firm Revenue in $ Market Share in % Aardvark Inc 490 19 Buzzy Co 11 285 Cran Inc 310 12 Delta Co 460 18 Echo Co 505 20 Farriss Co 515 20 What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo EPIC
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 26 percent, 24 percent, 20 percent, 12 percent, 9 percent, 6 percent, and 3 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? Book percent Print b. What is the Herfindahl index for the hamburger industry in this town? erences c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? Four-firm concentration ratio = percent Herfindahl index =
2.- Each of two firms, firms 1 and 2, has a cost function C(q) = 1 2 q; the demand function for the firms' output is Q = 1.5-p, where Q is the total output. Firms compete in prices. That is, firms choose simultaneously what price they charge. Consumers will buy from the firm offering the lowest price. In case of tying, firms split equally the demand at the (common) price. The firm that charges the higher price sells nothing. (Bertrand model.) (a) Formally argue that there could be no equilibrium in prices other than p1 = p2 = 1 2. (b) Solve the same problem, but this time assuming that firms compete in quantities.Now, suppose that firm 1 has a capacity constraint of 1/3. That is, no matter what demand it gets, it can serve at most 1/3 units. Suppose that these units are served to the consumers who are willing to pay the most. Thus, even if it sets a price above that of firm 1, firm 2 may be able to sell some output. (c) Obtain the (residual) demand of firm 2 (as a function of its own…
Table 17-4 Only two firms, ABC and MNO, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of $4 and zero fixed cost. Price (Dollars per unit) Quantity Demanded Total Revenue (Units) (Dollars) 14 0 0 13 5 65 12 10 120 11 15 165 10 20 200 9 25 225 8 30 240 7 35 245 6 40 240 5 45 225 4 50 200 3 55 165 2 60 120 1 65 65 0 70 0 Questions: A) How much less do each of these firms earn in the Nash equilibrium than if they jointly maximize profits?
Suppose there are two distinct industries - (1) the fast-food industry and (2) the sporting goods industry. Classify each industry into one of the following market structures. (Minimum word requirement: 100 words) Perfect competition Monopoly Monopolistic competition Oligopoly

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