Match the sentences on the left with the best corresponding statement or phrase on the right. Use Tables 1-3 to calculate your answers.

A. Using the HHI and the other characteristics of different market structures discussed in the text, the grocery/supermarket industry was a (an) _________in 2017. B. The C4 of the grocery & supermarket industry was _______ in 2012. C. From 2012-2017, the grocery and supermarket industry D. The HHI of the grocery and supermarket segment was about ______ in 2017

Potential matching-solutions for A-D:

perfectly competitive, monopolistically competitive, monopoly, oligopoly, became more fragmented, became more concentrated, did not become more fragmented or more concentrated, about 28%, about 40%; about 473; about 499; about 568; about 4,370, about 4,999, about 5,680

Table 1: US Retail Trade & Selected Retail Segments 2011-2017 ($ in millions) 2016 $625,295 2011 $523,371 2012 $539,180 2013 $574,547 2014 $599,603 2015 $613,159 2017 $639,161 Grocery &Supermarkets Discount Department Stores, Supercenters, Warehouse Clubs Electronic Shopping & Mail Order Houses All Other Retailing (excl. autos) Total US Retail Sales (excl. autos) 576,629 545,047 557,210 519,524 536,439 544,934 563,429 564,615 294,697 328,653 350,487 386,065 433,692 487,782 2,021,735 2,034,223 1,952,422 2,011,463 2,029,188 2,075,711 2,119,586 $3,290,014 $3,415,735 $3,499,156 $3,618,589 $3,632,015 $3,711,915 $3,880,423 15.7% 15.6% 15.4% 15.5% 15.2% 14.9% Source: US Census Bureau Table 2: US Sales Discount Department Stores, Superstores, Warehouse Clubs & Electronic Shopping ($ in millions) 2017 $114,688 2011 2012 2013 2014 2015 2016 Amazon US BJ's Wholesale Club CostCo US $40,065 $54,717 $70,537 $24,035 $31,332 $90,349 11,600 11,600 12,731 12,468 12,351 12,585 12,755 93,889 5,618 59,216 71,879 316,477 86,579 64,900 71,776 75,493 80,477 84,351 Kmart Sam's Club Target US Walmart US 15,285 14,567 13,194 12,074 10,188 8,650 53,800 57,365 56,400 57,200 58,000 56,828 72,618 69,495 68,466 71,960 71,279 73,785 264,186 274,433 279,400 288,000 298,378 307,833 Source: Compa ny 10K's, Forbes Private Co. Estimates, and Bonita Austin's estimates. Amazon's 2017 sales do not include Whole Foods acquired in Q4:17. Table 3: Selected Grocery & Supermarket Companies US Sales - 2011-2017 ($ in 000's) 2017 bankrupt 43,194 59,678 2011 2012 $6,700 2013 2014 2015 2016 A&P $8,080 $6,000 $5,500 bankrupt bankrupt Ahold Delhaize (as of 2016) 25,072 25,845 26,118 25,976 26,350 42,946 Albertson's Safeway Aldi Delhaize America (Food Lion/Hannaford) Giant Eagle HE Butt Grocery 18,000 20,657 27,199 17,100 20,055 58,734 8,362 8,195 7,900 7,900 9,320 10,590 10,829 9,556 9,779 10,142 10,474 15,028 0 0 8,900 24,276 5,442 122,662 34,558 10,500 2,943 14,524 8,550 9,300 9,579 9,700 9,600 9,500 9,300 18,990 19,400 21,000 22,600 23,000 23,800 Hy-Vee Stores Kroger Publix Southeastern Grocers (Bi-Lo, Harveys, Winn-Dixie) SuperValu (a) 6,900 7,590 8,075 8,750 9,300 9,800 92,146 105,131 106,114 94,075 95,628 110,879 26,967 27,485 28,917 30,559 32,363 33,999 9,827 10,500 10,163 4,769 8,615 9,201 10,265 4,921 4,736 4,655 4,884 3,028 Trader Joe's 8,487 9,760 11,300 13,000 13,300 13,965 Wegman's Whole Foods 6,670 6,803 6,999 7,560 7,600 8,300 16,003 6,700 15,389 10,110 11,700 12,917 14,194 15,724 5,298 5,212 6,200 6,500 WinCo 4,730 5,872 Total Grocery & Supermarket Sales US Market $599,603 $523,371 $539,180 $574,547 $613,159 $625,295 $639,161 (a) Retail revenues only. Excludes wholesale distribution revenes. Supervalu divested its Save-A-Lot chain of stores in 2016. Sources: Census Bureau, Company 10K's, PrivCo, IBIS, Company press releases, and Bonita Austin's estimates