The market shares of the top five firms in the dishware industry are 20%, 28%, 11%, 14%, and 8%. What is the four-firm concentration ratio for the dishware industry?
Q: Describe how government actions can lead to more efficient outcomes when negative and positive…
A: Externalities are certain benefits or losses accrue to a third person who is not involved in the…
Q: Question 14 The accounting equation states: Assets Liabilities + Equity Assets + Liabilities -…
A: The correct answer is given in the second step.
Q: Next, consider a case that the integrated firm produce the product and sell directly to consumers.…
A: We have demand for integrated firm is p=70-q and MC= 10.
Q: Consider the following Bayesian game. Player 1 can be of type t e {4, 6) where Pr(t = 4) = 0.6.…
A: A Bayesian game is one in which the outcomes of player interactions are modelled using Bayesian…
Q: Use the table below to answer questions about Christina's Christmas Wreaths. Christina operates in a…
A: We use: MR=MC Marginal Profit = MR-MC Profit = TR -TC TC = ATC*Q
Q: Lotteries result in the distribution of income
A: Income Inequality is defined as the unequal distribution of income in an economy. It is the…
Q: The average price for a 16" pepperoni pizza in the U.S. Is USD 10. The average price for a similar…
A: Given for 16 pepperoni pizza average price in US = 10 USD the average price in Ukraine = 28 UAH…
Q: A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost…
A: Given, p(q) = -0.8q +1716 C(q) = 54.53q +4519 items produced = 814 need to calculate Marginal…
Q: Given the demand and supply functions for a particular commodity: QD 294.7-4.963P Qs 139.6 +21.34P…
A: Qd = 294.7 - 4.963P Qs = 139.6 + 21.34P
Q: Match the Product with whether production should be centralized or decentralised Soap [ Choose ]…
A: Centralized production refers to the production process exist with upstream and decision about…
Q: This table shows price and quantity produced for a single firm in a perfectly competitive market.…
A: In perfectly competitive market, there are many buyers and firms and with no barriers to entry.…
Q: The computer industry developed a new technology that reduces the number of resources used to build…
A: Aggregate demand: Aggregate demand can be defined as the sum total of all the goods and services…
Q: Discuss resource market.
A: A resource market is a market where a business can proceed to buy resources to deliver labor and…
Q: According to the invisible hand concept, the best way for a society to encourage the creation of…
A: Adam Smith was an eighteenth-century Scottish economist who lived from 1723 to 1790. While Smith's…
Q: The government decides to place a £25 per unit-subsidy on the sales of books. The initial demand and…
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…
Q: 11. Agreement and disagreement among economists Suppose that Rajiv, an economist from a university…
A: 1) The disagreement between these economists is most likely due to Solution: Difference in values…
Q: In theory, fiscal policy can be as effective in stabilizing the economy as is monetary policy. What…
A: Fiscal policy is the policy that is made to achieve the stability by the government by using its…
Q: QUESTION 13 13. This question coresponds with the demand and supply curves below for good X Demand…
A:
Q: which of the following are functions of the Federal Reserve System? Check all that apply O…
A: Supervising member banks: Following the establishment of rules and regulations, supervision—which…
Q: op Glove Corporation Berhad is a Malaysian rubber glove manufacturer who also specialises in face…
A: The pandemic period hit the economy hardly not only anyone, it affected hardly the entire world in…
Q: Suppose the cross-price elasticity of tea with respect to the price of coffee is 0.6, and the price…
A: Cross elasticity of demand is defined as the measurement of the relative change in quantity demanded…
Q: Which of the following would lead to an increase (rightward shift) in the demand for money? an…
A: Demand for money shows different levels of money demanded at different interest rate.
Q: Engineer Miranda ended his account in Smart postpaid having of cost of 800PhP for his last bill of…
A: To solve the above question firstly we find the number of months for which smart postpaid is paid…
Q: 15. The different types of data Suppose you have the following data set, which shows information…
A: Broadly, there are three types of datasets: 1. Cross-Sectional: For different subjects at the same…
Q: Problem 3 The current Discount Rate is 0.5%. The current Federal Funds Rate is 0.5%. The interest…
A: Given information Current discount rate = 0.5% Current federal fund rate=0.5% Interest on excess…
Q: Roxanne is considering chipping in to pay for some tree trimming in her neighborhood. If the trees…
A: The value or pleasure a client may get from a service or commodity is referred to as utility in…
Q: _____ means selling the products at a price less than the ongoing price in the market. a. Quota b.…
A: International trade is defined as the exchange of goods, capital, and services between different…
Q: 1) Suppose that market demand is linear, q = 70 - p. Marginal costs are constant and equal to 10.…
A: We have two monopolist at different stages of production and sales.
Q: One reason the CPI is monitored very closely by government, businesses, and workers is that Multiple…
A: Answer :- Option 2nd is correct :- Some wages, interest rates, tax rates, and government…
Q: 6. A producer can produce 2500 units of wood parts per day at a plant located in USA. The steady…
A: Answer; Yearly DEMAND = 500 * 200 = 100000 Arrangement COST = 50 HOLDING COST = 1…
Q: oduction Opportunities Hours Needed to Make 1 Unit of Number of Units Produced in 40 Hours Cheese…
A: Production possibilities frontier does the combination of two goods that can be produced with the…
Q: 1. a) Copy Figure 4.10 (below) into your notebook and fill in the Surplus/Shortage column. What is…
A: Question 1's solution is given below
Q: 4. Suppose the total revenue function is 4x2 + 3x + 2. Find the average and marginal revenue. In…
A: Given Revenue function: y=4x2+3x+2 .... (1) We have to find average revenue, marginal…
Q: The economy is in a recession. The Fed could take direct action to stimulate economic activity by O…
A: Recession refers to fall in the aggregate demand. Fall in demand causes rise in unemployment rate.
Q: Refer to the following graph to answer the next five questions Milkshakes B PPF In the graph, Point…
A: Production possibilities frontier shows the combinations of two goods that a country can produce…
Q: The primary purpose of the central bank's monetary policy is: a. exchange rate b. price stability c.…
A: Inflation and unemployment are the two major factors that affect the growth of any economy. So the…
Q: Relative to single price policy third-degree price discrimination Select one: may increase welfare…
A: Third-degree price discrimination is caused when a firm charges a different price to different…
Q: A corporation decides whether to undertake a project that requires an investment of $150 million now…
A: Answer;
Q: PROBLEM (5) (In a market with demand Q = 780 - p, there are 3 identical firms, A, B and C; each with…
A: Given demand function Q=780-P TC=3Q^2
Q: A company purchased equipment for $30,000 cash and obtained a bank loan for $20,000 for the balance…
A: Financial transactions coming into or out of your enterprise are recorded in journal entries. All of…
Q: The Canadian government passes a series of tax cuts into law in order to counteract a recession they…
A: RECESSION A recession stands for the economic condition in which the Economy of a country get slows…
Q: Why has the government chosen to provide moneary incentives to bring about the move to health…
A: HEALTH INFORMATION EXCHANGES They were putting a patient's medical records or data on the internet…
Q: Problem 15-04 (algo) Suppose that Costa Rican worker Carlos can produce either 180 pounds of coffee…
A: a) Carlos's opportunity cost of producing computer:- Opportunity cost=1801…
Q: Suppose a firm's production function is given by Q = 10L0.2 K (1-0.2) Wage rate is $10 and rental…
A:
Q: MC=500Q2√Q3+5 (b) Find the total cost function
A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…
Q: 17. A salesperson at Joe's Exotic Pets is trying to sell iguanas. The number of iguanas that she…
A: We have given probability of efforts and sales with cost of effort for a salesperson.
Q: Identify and discuss the micro environment factors that affects DHL express performance and decision…
A: The macro factors includes the conditions of a country and these conditions includes whether the…
Q: Provide your answer below: Price Level 116 Real GDP = 120 billion
A: The real GDP of a country is a measure of its gross domestic product adjusted for inflation. areal…
Q: Ten-year old Sarah is starting a lemonade stand, she uses baskets of lemons (L) and other…
A: Introduction We have given a production function of Sarah. She produces a basket of lemons and units…
Q: the or. O Tue O Fae
A: Economic liberalism is a political and economic theory that advocates for a free market economy…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- From a Transaction Cost Economics perspective, when would you expect vertical integration to take place within an industry?If both firms operate independently and do not collude, the most likely economic profit isDo an economic analysis of two giant competitor brands, Coke and Pepsi, in the context of them being rivals in the Twenty-First Century and use all the knowledge you have gathered over the last several weeks. Please do not make it a financial case. It is to be an economics case study, utilizing the economic model of pure competition, monopolistic competition, oligopoly or monopoly.
- Industry A is composed of three firms. One has an 80% market share, and the other two have a 10% share each. The Herfindahl index for this industry is:The inverse demand function for a homogeneous product Stackelberg duopoly is P = 18, 000 − 5Q. Thecost structure for the leader and follower, respectively, are CL(QL) = 2, 000QL and CF (QF ) = 4, 000QF .(a) What is the follower’s reaction function?(b) Determine the equilibrium output level for both the leader and follower.(c) Determine the equilibrium market price.(d) Determine the profits of the leader and the follower.What is the main profit maximization formula that is followed by the various market structures (i.e. perfect competition, monopoly, monopolistic competition, and oligolopy/cartel)?
- If the largest two firms in the textbook industry merged, their new total market share would equal 41% of the market. This industry's new HHI would be 2182. According to the FTC's historical guidelines for mergers, would the FTC approve this merger? Group of answer choices No answer text provided. Maybe. The FTC would scrutinize the merger and make a case-by-case decision. Yes, the FTC would ignore the merger and allow it to go through. No, the FTC would probably challenge the merger.Suppose that in the fast-food restaurant industry the four largest restaurants account for 30 %, 20%, 15%, and 5% of the market share, respectively, and the 10 other small restaurants each account for 3%. If two of the 10 small restaurants merged, other things being equal, what would be the four-firm concentration ratio (CR) and the Herfindahl-Hirschman index (HHI), respectively? Select one: a. 70% 1640 b. 70%; 1658 C. 71%; 1640 d: 71%; 1658please solve the question completely. Suppose an industry consists of two firms that compete in prices. Each firm produces one product. The demand for each product is as follows: q1 = 25 - 5p1 + 2p2 q2 = 25 - 5p2 + 2p1 The cost functions are C(qi) = 2 + qi for i = 1; 2. (a) Are the products produced by these firms homogenous or differentiated? (b) Find the best response function for each rm. (c) How does the price firm 1 sets change with its belief about the price of its competitor\'s product? (d) What are the Nash equilibrium prices? (e) What is the percentage markup of price over marginal cost here (this is called the Lerner index)? Do the firms have market power? Why does the Bertrand paradox of zero variable duopoly profits apply here? (f) Suppose the firms merged. What is the new price of products 1 and 2? (g) Explain intuitively why the price is higher under monopoly than under Bertrand duopoly? (h) Are total monopoly profits higher or lower than the sum of Bertrand duopoly…
- For the table given below. Calculate TC, AFC, AVC and MC and show diagrammatically. L TFC (S) | TVC (S) 19.53 1 200 50 38.16 2 200 100 55.90 3 200 150 72.80 4 200 200 104.17 6 200 300 132.50 200 400 157.99 10 200 500 191.36 13 200 650 219.44 16 200 800 249.61 20 200 1000 277.32 25 200 1250 295.76 30 200 1500Cornell Pharmaceutical, Inc., and Penn Medical, Ltd., supply generic drugs to treat a wide variety of illnesses. A major product for each company is a generic equivalent of an antibiotic used to treat postoperative infections. Proprietary cost and output information for each company reveal the following relations between price (marginal cost) and output: P = $10 + $0.004Qc (Cornell) P = $8 + $0.008 Qp (Penn) 1. Assuming these two firms make up the entire industry, determine the industry supply curve when P < $10. 2. Determine the industry supply curve when P > $10.Two car manufacturers, Nissa and Honda, have fixed costs of $1 billion and marginal costs of $10,000 per car. If Nissan produces 500,000 cars per year and Honda produces 200,000 cars per year, calculate the average production cost for each company.Average production cost for Nissan: $ .Average production cost for Honda: $ .On the basis of these costs, which company's market share do you think will grow in relative terms? Honda or Nissan?