The four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while
Question:
The four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,600 and 1,200. The Dansby-Willig performance index for industry X is 0.6, while that for industry Y is 0.8. Based on this information, which would lead to the greatest increase in social welfare: A slight increase in industry X’s output, or a slight increase in industry Y’s output?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
ANSWER To determine which scenario would lead to the greatest increase in social welfare we need to ...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Question Posted:
Students also viewed these Business questions
-
1. The four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,600 and 1,200. The Dansby-Willig...
-
In June of 2014, Bill Madden considered expanding his micro tiles business. He planned to invest $2.0 million in 2016 to produce more and better quality plaster or metal tiles and lithographs. These...
-
The accompanying scatterplot shows observations on hemoglobin level, determined both by the standard spectrophotometric method (y) and by a new, simpler method based on a color scale (x) (A Simple...
-
Explain impact of IT on cross border communication and how to manage cross cultural business communication successfully.
-
What are the similarities and differences when conducting research in another country versus the domestic market?
-
The French government announced plans to convert state- owned power firms EDF and GDF into separate limited companies that operate in geographically distinct markets. BBC News reported that Frances...
-
Michael Daigle, Attorney, P.C., began the year with total assets of \($122,000\), liabilities of \($71,000\), and stockholders equity of \($51,000\). During the year the business earned rev enue of...
-
Information from Greg Companys balance sheet follows: Current assets: Cash ....................$ 2,100,000 Marketable securities ............. 7,200,000 Accounts receivable ............... 50,500,000...
-
2. Portfolio sorting is one of the most popular way to identify predictability in the cross section of stock returns. a). Briefly discuss the difference between sequential and independent double...
-
Evaluate the following statement: Managers should specialize by acquiring only the tools needed to operate in a particular market structure. That is, managers should specialize in managing either a...
-
The CEO of a major automaker overheard one of its division managers make the following statement regarding the firms production plans: In order to maximize profits, it is essential that we operate at...
-
A company uses a third party delivery service to deliver goods to customers. The current average cost per delivery is $12.50. The company is trying to decide whether to establish an in-house delivery...
-
The med-Surg/ Tele nurse is caring for a 50-year-old male with adiagnosis of a first-degree block. What does the nurse expect to see on the 6-second ECG stripin reference to the PR interval?
-
Let's consider the problem of finding the minimum of with a gradient search. f(x) = 3x+x-4 old (a) Pick a starting point of x = 1 and a learning rate of n = 0.05, please show how to use the...
-
Milano Pizza has a small area for in - store dining as well as offers take - out and free home delivery services. The pizzeria s owner determined the shop has two major cost drivers the number of...
-
Being 65 the ascii code of 'A' (capital letter a) and using the following pseudocode to get the hashValue. int hashValue = 0; for (int i = 0; i < 3; i++) { } hashValue += myString[i] 'A'; for (int...
-
Have a table that will show the equivalent effective interest rates to some nominal interest rates with various compounding rates. Put the nominal interest rates of 2%, 3%, 4%, 5%, 6%, 7%, 8%, 9%,...
-
Dominion Mobile Incorporated provides cell phone services. The company conducts a special sales campaign in which new subscribers will get a high- end cell phone for only $ 100 if they sign a 36-...
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
Explain how a monopolist chooses the quantity of output to produce and the price to charge.
-
How does a monopolists quantity of output compare to the quantity of output that maximizes total surplus? How does this difference relate to the concept of deadweight loss?
-
Give two examples of price discrimination. How does perfect price discrimination affect consumer surplus, producer surplus, and total surplus?
-
Mary Jo lost her partner of 47 years about 6 months ago. She was Jims primary caregiver over the course of his cancer treatment that lasted 2 years. For the last month of his life, Jim and Mary Jo...
-
B. Yummy Bakery is a small business owned by Puan Anilza operated in Lumut, Perak producing cakes and buns. The owner wants to expand the business at Pangkor Island due to high demand during festive...
-
75 Question 7: Using last year's financial data below, determine the payroll tax and benefit allocation variable cost by month and for the entire year using rooms labor before payroll tax and...
Study smarter with the SolutionInn App