Firm Annual Sales $1,000 Annual Sales $ 800 Firm A 900 H. 1,200 120 1,050 75 J 90 50 K 75 40 600 24) According to Table 26.2A, the four- firm concentration ratio of this industry is A) 66.67 percent. B) 35 percent. C) 69 percent. D) 67.5 percent
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- The top six firms in an industry have a total sales of the following respectively $54million, $47million, $45million, $40million, $30million, $25million; total industry sales are $261million. for this industry, what is the firm 4-firm concentration ratio? based on the value calculated, what market structures does this industry represent? Why? if the third and the six largest firms are anted to merge, what do you think the department of justice Would do? Why?(1) Would you characterize Industry 4.0 as arevolution or more of an evolution? Why? (2) Whymight various companies have an interest inpromoting Industry 4.0 as a conceptual “brand”?The sum total set of interrelationships that establish the manner in which competitors behave in an industry could be referred to as competitive dynamics.Required: 1. Briefly explain what competitive rivalry is? 2. Explain what competitive behaviour is and the three factors that drive competitive behaviour 3. With the aid of a diagram explain the model of competitive rivalry and how a strategist can use that understanding to develop strategies that facilitate the attainment of higher financial performance
- Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in this market. Sales (millions of dollars) 7.4 7.1 6.8 6.2 5.3 4.2 What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations. Retailer Dap American Jaybird Expressive LA & Company Forever 22 Limitless four-firm concentration ratio: 28Table 16-3 The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries. Firm 1 2 3 4 5 6 7 8 Total Industry A 50,000 47,000 43,000 38,000 32,000 25,000 17,000 8,000 270,000 approximately 46% approximately 54% approximately 57% Industry B Industry C 18,000 37,000 17,750 36,500 17,250 35,500 16,500 34,000 15,500 32,000 14,250 29,500 12,750 26,500 11,000 23,000 130,000 300,000 approximately 61% Industry D Refer to Table 16-3. What is the concentration ratio for Industry B? 40,000 39,000 37,000 34,000 30,000 25,000 19,000 12,000 250,0001) Consider the following hypothetical industries which are both comprised by 8 firms. In industry A sales are given by 1000, 800, 600, 600, 450, 200, 100, 100 and in industry B by 2000, 500, 500, 200, 150, 150, 150, 100. (a) Calculate the five-firm concentration ratio for each industry. (b) Calculate each industry's H Index and the numbers equivalent. How can the latter be interpreted? (c) Which industry do you think exhibits the most concentration? 2) We defined the Lerner Index as LI = 1/µ where u is the absolute value of the elasticity of demand. We also showed that LI can be alternatively expressed as (P – MC)/P . Use these relationships to show that LI can never exceed 1. What does this imply is the minimum demand elasticity we should ever observe for a monopolist? 3) Consider a market comprised of three firms. Firm 1 produces and sells 23 units per period. Firm produces and sells 19 units per period, while firm 3's periodic production and sales are 15 units. The (inverse) market…
- Suppose that the six firms in industry A have annual sales of 40, 35, 12, 5, 5, and 3 percent of total industry sales. For the six firms in industry B, the figures are 35, 18, 15, 14, 10, and 8 percent. b. Calculate the four-firm concentration ratio and the Herfindahl index for each industry and compare their likely competitiveness. Instructions: Enter your answers as whole numbers. Industry A four-firm concentration ratio = Industry A Herfindahl index = Industry B four-firm concentration ratio = Industry B Herfindahl index = c. Industry A will be ________ (more/less) competitive than industry B. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.oligopoli 5.1 The following table represents the market share percent- age for each firm in a hypothetical industry. Firm Market Share A 15 C D E 20 B 6 12 7 H 19 11 F G 10 a. Calculate the four-firm concentration ratio for this industry. b. Calculate the Herfindahl-Hirschman Index (HHI) for this industry. c. Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concen- trated? Why?:5 03:28:43 Mc Total Product 0 1 2 3 4 5 6 7 8 9 10 Price $ 20 Total Fixed Cost $150 150 150 150 150 150 150 150 150 150 150 Assume there are 600 firms in this industry with the same costs as in the table above. The industry demand curve is shown in the table below. In equilibrium, each firm will earn 30 45 60 75 95 120 150 Total Variable Cost $0 50 75 105 145 200 270 360 475 620 800 Multiple Choice O Quantity Demanded 6,800 5,975 5,500 5,125 4,500 4,200 3,600 2,400 an economic profit of $35. an economic profit of $155. a loss of $45. a loss of $135. E
- onsider the table below and assume the market price is $35 per unit. Totalproduct Totalfixed cost TotalVariablecost 0 150 0 1 150 50 2 150 75 3 150 112.4 4 150 150 5 150 200 6 150 270 7 150 360 8 150 475 9 150 620 10 150 800 Now assume there are 600 identical firms in this industry, that is, there are 600 firms, each of which has the same cost data as the single firm discussed above. Suppose, too, that the demand curve for this industry is as follows: Price Quantitydemanded $20 6,800 30 5,975 45 5,500 60 5,125 75 4,500 95 4,200 120 3,600 150 2,400 In equilibrium each firm will realize: Multiple Choice an economic profit of $155. a loss of $45. an economic profit of $35. a loss of $135.[TRUE / FALSE] Please explain In the Stackelberg outcome, the leader firm’s profit is never smaller than his profit at the Cournot outcome.c. Total industry sales are $105 million. The top four firms account for sales of $15%, 12%, 10%, 8% respectively. What is the three-firm concentration ratio?