d. Use the data in the table to calculate the four-firm concentration ratio (CR4) and the Herfindahl Index for the given hamburger industry (Use Microsoft Excel to calculate using your spreadsheet skills.) Firms Sales Revenue Market Share % Firm A $141,000 Firm B $225,000 Firm C $995,000 Firm D $1,215,000 Firm E $5,850,000 Firm F $222,000 Firm G $450,000 Firm H $210,000 How much is total sales revenue of the industry? Calculate the four-firm concentration ratio (CR4). Calculate the Herfindahl Index.

d. Use the data in the table to calculate the four-firm concentration ratio (CR4) and the Herfindahl Index for the given hamburger industry (Use Microsoft Excel to calculate using your spreadsheet skills.) Firms Sales Revenue Market Share % Firm A $141,000 Firm B $225,000 Firm C $995,000 Firm D $1,215,000 Firm E $5,850,000 Firm F $222,000 Firm G $450,000 Firm H $210,000 How much is total sales revenue of the industry? Calculate the four-firm concentration ratio (CR4). Calculate the Herfindahl Index.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter11: Monopoly And Antitrust Policy

Section: Chapter Questions

Problem 2SCQ: Is it true that the four-firm concentration ratio puts more emphasis on one or two very large films,...

See similar textbooks

Similar questions

Table 17-9Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost. Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0 Refer to Table 17-9. How much less do each of these firms earn in the Nash equilibrium than if they jointly maximize profits? Group of answer choices $250 $500 $750 $1000
Table 17-9Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost. Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0 Refer to Table 17-9. If Acme and Pinnacle operate to jointly maximize profits, then what is the price? Group of answer choices $45 $40 $35 $30
Table 17-9Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost. Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0 Refer to Table 17-9. If Acme and Pinnacle operate to jointly maximize profits and agree to share the profit equally, then how much profit will each of them earn? Group of answer choices $9,000 $8,750 $8,000 $6,750
Only two firms, Acme and Stuff Inc., sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost (so MC-ATC=$10). Price Quantity Total Revenues 10 70 65 60 55 50 45 40 28889 35 30 25 20 15 10 15 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400 0 If Acme and Stuff Inc are able to collude, how much will Acme produce? 6500 12000 16500 20000 22500 24000 24500 24000 22500 20000 16500 12000 6500 0
The table below shows revenue data for different firms producing cell phones. Use the given information to determine the 4 Firm Concentration ratio. Firm Revenue in $ Market Share in % Aardvark Inc 490 19 Buzzy Co 11 285 Cran Inc 310 12 Delta Co 460 18 Echo Co 505 20 Farriss Co 515 20 What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo EPIC
Table 17-4 Only two firms, ABC and XYZ, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost. Price Quantity Total Demanded Revenue (Dollars per unit) (Units) (Dollars) 28 26 130 24 10 240 22 15 330 20 20 400 18 25 450 16 30 480 14 35 490 12 40 480 10 45 450 8 50 400 55 330 4 60 240 2 65 130 70 Refer to Table 17-4. If this market were perfectly competitive instead of oligopolistic, what quantity would be produced? а. 25 b. 50 С. 35 d. 70 O O O O
Sol-Motors is the only auto manufacturer in West Lidia, a country that prohibits the importation of cars. The graph below shows the demand and the costs for Sol-Motors. Costs and revenues (in thousands) 130 120 110 100 90 80 70 60 50 40 30 20 10 0 Price: $ 15. 45 75 9010512013550165180195 30 60 Quantity per period (in thousands) MC D thousands a. Add the marginal revenue curve to the graph above (starting at zero). Plot only the end points. b. What are Sol-Motors' profit-maximizing output and price? Output: thousands Tools MR K c. Suppose that the government of Lidia imposes a price ceiling of $35,000 per car. What is the firm's profit-maximizing output now? Profit-maximizing output: thousands d. What would be the output if the graph represented a perfectly competitive industry rather than a monopoly? Output: thousands
The table shows the total revenue of the 50 firms in the tattoo industry. Total revenue (dollars) 1,450 Calculate the four-firm concentration ratio and the HHI. Firm Bright Spots Freckles >>> Answer to 2 decimal places. 1,300 What is the market structure of the tattoo industry? Love Galore 800 Native Birds 650 The four-firm concentration ratio equals Next 10 firms (each) 200 Next 16 firms (each) Next 20 firms (each) 150 The HHI equals 125 The four-firm concentration ratio indicates that the market is and the Herfindahl-Hirschman Index Industry 11,100 indicates that the market is (Assume there are no reasons that would make the concentration measures unreliable guides.) O A. monopolistic competition; a monopoly O B. probably not monopolistic competition; monopolistic competition OC. monopolistic competition; monopolistic competition O D. a monopoly; monopolistic competition O E. a monopoly; a monopoly
The table shows the total revenue of the 50 firms in the roofing industry. Total revenue Calculate the four-firm concentration ratio and the HHI. Firm (dollars) >>> Answer to 2 decimal places. Roofmart 740 Shingles R Us Weather Guard 400 What is the market structure of the roofing industry? 300 Dry on Top Next 10 firms (each) Next 16 firms (each) 100 The four-firm concentration ratio equals 90 60 The HHI equals Next 20 firms (each) 50 The four-firm concentration ratio indicates that the market is Industry 4,400 and the - (Assume there are no reasons that would make the concentration measures unreliable Herfindahl-Hirschman Index indicates that the market is guides.) O A. a monopoly; a monopoly O B. monopolistic competition; monopolistic competition OC. probably not monopolistic competition; monopolistic competition D. mononolistic competition: a mononolv
Sol-Motors is the only auto manufacturer in West Lidia, a country that prohibits the importation of cars. The graph below shows the demand and the costs for Sol-Motors. Costs and revenues (in thousands) 33 30 27 24 21 18 15 12 63 15 Price: $ 45 30 60 Quantity per period (in thousands) MC D 75 105, 135, 165 90 120 150 MR coordinates: pt 1 2 x 0 SAVE y 0 a. Add the marginal revenue curve to the graph above (starting at zero). Plot only the end points. b. What are Sol-Motors' profit-maximizing output and price? Output: thousands thousands c. Suppose that the government of Lidia imposes a price ceiling of $9,000 per car. What is the firm's profit-maximizing output now? Profit-maximizing output: [ thousands d. What would be the output if the graph represented a perfectly competitive industry rather than a monopoly? Output: thousands
The table below shows revenue data for different firms producing cleaning products. Use the given information to find the market share of each firm. Firm Revenue in $ Market Share in % Aardvark Inc 325 Baluga LLC 340 Cran Inc 140 Dingo Inc 495 Eagle Inc 360 Keep 2 decimals for the market share percentages What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo
20 Fill in the blank with the correct answer by typing in the box. The most significant barrier to entry for coffee house firms that want to compete with Starbucks is