The four largest firms in a market have the following market shares of total revenue: 20 percent,
Question:
The four largest firms in a market have the following market shares of total revenue: 20 percent, 15 percent, 10 percent, and 5 percent. The ______ in this industry is ________.
A. Four-firm concentration ratio; 50 percent
B. Four-firm concentration ratio; 750 percent
C. Herfindah1-Hirschman Index; 50
D. Herfindah1-Hirschman Index; 2,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
a The fourfirm concent...View the full answer
Answered By
Leah Muchiri
I am graduate in Bachelor of Actuarial Science and a certified accountant. I am also a prolific writer with six years experience in academic writing. My working principle are being timely and delivering 100% plagiarized free work. I usually present a precised solution to every work am assigned to do. Most of my student earn A++ GRADE using my precised and correct solutions.
4.90+
52+ Reviews
125+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Suppose there are only two firms in a market whose demand curve is given by Q = 10 - P, where Q = Q + Q is the combined output of both firms and P is the market price. Firm 1 has a marginal cost of 2...
-
The only four consumers in a market have the following willingness to pay for a good: Buyer Willingness to Pay Carlos Quilana Wilbur Ming-la $15 $25 $35 $45 Refer to Table 7-1. If the market price...
-
A firm has 10 million shares outstanding with a market price of $20 per share. The firm has $25 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has...
-
A client of Park Street's expected a delivery of samples for an event on Friday evening. The order was setup correctly by Park Street, however the vendor that was hired to pick up and deliver the...
-
A specialty chemical company is considering expanding its operations into Brazil, where five companies dominate the consumption of specialty chemicals. What sort of distribution network should this...
-
In many countries, people hold money as a cushion against unexpected needs arising from a variety of potential scenarios (e.g., banking crises, natural disasters, health problems, unemployment, etc.)...
-
In strategic management, the discipline of organizational behavior is most essential in terms of ____________. (a) developing strategies (b) clarifying mission statements (c) implementing strategies...
-
To help finance a major expansion, Castro Chemical Company sold a non callable bond several years ago that now has 20 years to maturity. This bond has a 9.25% annual coupon, paid semiannually, sells...
-
For the polynomial function below, answer parts (a) through (d). (a) List each real zero and its multiplicity. (b) Determine whether the graph crosses or touches the x-axis at each x-intercept. (c)...
-
What are the elements of the Wattpad platform? What drives cross-platform economic value? Assess the progress of artificial intelligence efforts to match readers and writers. How does Wattpad build a...
-
Use Figure 17.6, which shows the demand curve, marginal revenue curve, and cost curves of La Bella Pizza, a firm in monopolistic competition, to work Problems. If La Bella advertises its pizza online...
-
The HHI for automobiles is 2,350, for sporting goods is 253, for batteries is 2,883, and for jewelry is 230. Which of these markets is an example of monopolistic competition?
-
In Exercises 2942, find each indicated sum. 4 (-1)+1 =0 (i+1)!
-
The following numbers apply to Rockfire Grill for 2 0 2 1 Net income before tax = $ 8 6 , 0 0 0 Unrealized gain on available - for - sale securities before tax = $ 7 3 , 0 0 0 Loss from foreign...
-
Find an Income Statement, Balance Sheet and Statement of Cash Flows for a company in which you re interested. ( All three do not have to be from the same company ) . You will need to provide me with...
-
The following is an incorrect proof of For every natural number n 1, in every group of n cars, all the cars are from the same state Proof by induction: Base case: In a group of 1 car, every car...
-
1. A note made on January 4 and due in 90 days would mature on what date? (assume February has 28 days) a. April 2 c. April 4 b. April 3 d. April 5 2. The maturity value of a $5,000, 60-day, 6...
-
Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,000, $311,000, and $410,000, respectively, for September,...
-
Your Market (YM) runs two convenience stores, one in Vancouver and one in Surrey. Operating income for each store in 2015 follows: The equipment has a remaining useful life of one year and zero...
-
The company manufactures three products: wooden chairs, tables and dressers. AFC started off as a 'Mom & Pop' shop but has grown rapidly. AFC uses one assembly line to build all three products,...
-
The BLS reported that the CPI in July 2010 was 226. This news tells you that _______. A. consumer prices during July were 226 percent higher than they were during the base year B. the CPI inflation...
-
When the price level_______, the inflation rate ______. A. rises rapidly; increases B. rises rapidly; is high C. falls; is zero D. rises slowly; falls
-
The CPI bias arises from all of the following items except ________. A. the introduction of new goods and services B. the improved quality of goods C. the goods and services bought by poor people D....
-
Southern Comfort company reported net income equal to $100. The company reported no depreciation expense but did report a loss on the sale of equipment equal to $5. In addition the balance sheet...
-
All of the following are examples of unethical behavior except: 1. Hiring your unqualified brother-in-law because he is a family member 2. Inflating the firm's earnings in-order-to improve earnings...
-
Presented below is information related to Aquinas Co.: Retained earnings, December 31, 2021 $ 750,000 Sales revenue 1,405,000 Additional paid-in-capital 220,000 Loss on sale of equipment 18,000...
Study smarter with the SolutionInn App