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How many competitors existed in the electric vehicle industry in2016? How many competitors exist now in 2022 of the time period? What happened to cause

  1. How many competitors existed in the electric vehicle industry in2016? How many competitors exist now in 2022 of the time period? What happened to cause this change?
  2. What is the concentration ratio( Ch 11) at the beginning and the end of the period?
  3. What is the level of market power for each competitor? How does it change during this period? Why?
  4. Ultimately, what market structure do you believe this industry to be and why?
    • You must describe this real-world industry in relation to the characteristics of market structures (Ch 11)to make this determination. Again, has this changed from the beginning to the end of the time period?
    • Why? What caused the changes?

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