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2. The table below contains the Four-firm concentration ratio and the HHI of five industries in the U.S. (3 pts each) Four-firm concentration ratio
2. The table below contains the Four-firm concentration ratio and the HHI of five industries in the U.S. (3 pts each) Four-firm concentration ratio and the HHI. Industry Breakfast cereal Ice cream News Papers Motor Vehicles Women's closing Four-Firm Concentration ratio (percentage) 80 20 20 75 10 HHI 2253 (Ctrl)- 293 241 2676 61 a. Based on the information provided, determine the degree of competitiveness in each of the industries and in doing so, determine the market structure of each industry. b. The concentration measures are useful indicators of the degree of competition. But In some cases, the concentration measures may give misleading reading of competition in an industry. For which of the listed industries do the concentration measures give misleading information? Why?
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A PART Breakfast cereal The fourfirm concentration ratio and the HHI of breakfast cereal is 80 and 2253 respectively This indicates that the market for breakfast cereal is highly concentrated with onl...
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
