Assignment Goal(s) Understanding industry concentration and identifying market models. 1.Assume that Canadian telecommunications companies have the following annual revenues. Bell S25 billion, Rogers $15 Billion, Telus $15 billion, mOHNbile Communications S1 billion, Lisa Communications S1Billion, Peter Wireless SIbillion, Okunsky Tech. $1 billion, BO Communications $1 billion. Calculate the entire industries revenue. Calculate the four-firm concentration ratio. Determine what market model the b Calculate the market share of each firm. a Calculate the Herfindahl index telecommunications industry is in. 2 According to statistics Canada, there are 44,329 farms in Saskatchewan. a Determine what market model Saskatchewan farms operate in? Approximate the four-firm concentration ratio. bApproximate the Herfindahl index Assume that there are 25 equal size shoe stores (all have the same market share) at Woodbine mall. Calculate the market share of each firm. bCalculate the four-firm concentration ratio Calculate the Herfindahl index d Determine what market model the shoe stores at Woodbine mall are in. Anyone in Ontario wishing to legally buy a sealed bottle of Jack Daniel's Old No.7 Tennessee whiskey (a type of alcohol) to take home must buy it at the LCBO (Liquor Control Board of Ontario). a)Determine what market model the LCBO is in. bCalculate the four-firm concentration ratio eCalculate the Herfindahl index. Assignment Goal(s) Understanding industry concentration and identifying market models. 1.Assume that Canadian telecommunications companies have the following annual revenues. Bell S25 billion, Rogers $15 Billion, Telus $15 billion, mOHNbile Communications S1 billion, Lisa Communications S1Billion, Peter Wireless SIbillion, Okunsky Tech. $1 billion, BO Communications $1 billion. Calculate the entire industries revenue. Calculate the four-firm concentration ratio. Determine what market model the b Calculate the market share of each firm. a Calculate the Herfindahl index telecommunications industry is in. 2 According to statistics Canada, there are 44,329 farms in Saskatchewan. a Determine what market model Saskatchewan farms operate in? Approximate the four-firm concentration ratio. bApproximate the Herfindahl index Assume that there are 25 equal size shoe stores (all have the same market share) at Woodbine mall. Calculate the market share of each firm. bCalculate the four-firm concentration ratio Calculate the Herfindahl index d Determine what market model the shoe stores at Woodbine mall are in. Anyone in Ontario wishing to legally buy a sealed bottle of Jack Daniel's Old No.7 Tennessee whiskey (a type of alcohol) to take home must buy it at the LCBO (Liquor Control Board of Ontario). a)Determine what market model the LCBO is in. bCalculate the four-firm concentration ratio eCalculate the Herfindahl index
