Question
1. Go to the following Amazon web page and name three publishers of the textbooks shown on the page: www.amazon.com/textbooks/s?k=textbooks 2. In the market for
1. Go to the following Amazon web page and name three publishers of the textbooks shown on the page: www.amazon.com/textbooks/s?k=textbooks
2. In the market for textbooks, if three publishers provided all the textbooks to the marketplace, would that be an oligopoly? Explain.
3. Suppose that there are three publishers in the textbook market, with market shares 40%, 35%, and 25%, respectively. Calculate the value of HHI. Is the HHI value closer to that of a perfectly competitive market or to that of a monopoly market?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
