The threat from rivalry is ________ when there is intense competition among many firms in an industry and ________ when competition is not as intense. Group of answer choices low; high low; low high; high
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A: We will use the formula to calculate Herfindhal Hirschman Index (HHI)
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A: The formula for calculating four-firm concentration ratio is shown below.
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A: Since you have asked multiple questions, we will answer the first question for you. Please post the…
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Q: The decision tree below describes the game faced by firm H and firm T. The payoffs are profits in…
A: please find the explanation below.
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- 1. compare the quantity and price of an oligopoly to those of a monopoly 2. compare the quantity and price of an oligopoly to competitive marketJ Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. NAME DATE CLASS Math Practice for Economics Comparing Prices among Competitors networks Background information: The candy industry in the United States could be defined as an oligopoly because just three companies make 99.4% of snack size chocolates. The big three companies are Hershey's, Mars, and Nestle. All three companies use much of the same ingredients, so how do they compete against one another? This is primarily done through price. Directions: The two tables below show what a snack size chocolate costs from the various candy makers, big and small. Read the table below. Then, answer the following questions using the information in the table. 110 ct bag $18.12 = 16 cents each Walmart Amazon Hershey's 215 ct. bag $13.88 = 6 cents each 100 ct. bag $12.81 = 13 cents each Mars 230 ct. bag $13.88 = 6 cents each Nestle 70 ct. bag $8.98 = 13 cents each 55 pc. Bag $17.96 = 33 cents each Candy…1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…
- Only typed answer 1. Why do oligopolies exist? A. A small number of firms have established barriers to entry using economies of scale, patents, and sheer size to prevent other firms from challenging them. B. The oligopolistic firms are created, run, and supported by the government. C. The members of an oligopolistic market are producing in the upward sloping range of their long run average cost curves.Scenario Many small shops sell different styles of sweaters. Some stores sell higher-quality and more expensive sweaters than other stores. Dozens of companies produce plain white socks. The standard technology for producing socks is widely known and available to anyone who wants to enter the business. Four Internet providers offer similar services to almost everyone in the city. Any new company would have to engage in a price war with the existing companies. Scholastik Inc. owns the U.S. copyright to a popular series of books. It is the only company with the legal right to publish these books in the United States. Number of Firms (One, Few, Many) Type of Product (Homogeneous, Unique, Differentiated) Entry (Easy, Challenging, Impossible) Market Model (Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly)Scenario: Madison Company is a large manufacturer and distributor of cake supplies. It is based in Chicago(Headquarters) and Trinidad. It sends supplies to firms throughout the United States and the UnitedKingdom. It markets its supplies through periodic mass mailings of catalogs to those firms. Itsclients can make orders over the phone and Madison ships the supplies upon demand.The main competition for Madison’s in the United States comes from one U.S. firm and oneCanadian firm. A British firm has a small share of the U.S. market but is at a disadvantagebecause of its distance. The British firm’s marketing and transportation costs in the U.S. marketare relatively high. Given that one-third of the company sales are exported to the United Kingdom and invoices forexports are in US dollars, the demand for its exports is highly sensitive to the value of the Britishpound. In order to maintain its inventory at a proper level, it must forecast the total demand for itsproducts which is…
- Which of the following statements is generally true? A. The degree of rivalry in an industry is largely independent of the number of firms. B. The smaller the number of firms in an industry, the greater the rivalry. C. The larger the number of firms in an industry, the greater the rivalry. D. Rivalry is less the larger the number of firms in an industry.Isolated Island has three natural gas wells. Three firms each own one. The table gives the demand schedule for gas on this island. The marginal cost of producing gas is $6 a unit. The table gives the demand schedule for gas on this island. Price (dollars per unit) Quantity demanded (units per day) 36 0 33 3 30 6 27 9 24 12 21 15 18 18 15 21 12 24 9 27 6 30 3 33 0 36 3 tries left If the three firms form a cartel and maximize their joint profit, what will be the price of gas, and what quantity will they produce? The price of gas will be $ Type a unit, and the quantity produced will be Type units a day.COURSE: MICROECONOMICS LEVEL 2 COURSE: MICROECONOMICS LEVEL 2 Consider a company A operating in an oligopoly which has a market share of 20% and a unit cost of $50. It currently sells at a price (P) of $52.9 with a price elasticity of demand of -3.5. This company will merge with company D, so that market share will reach 50%. Estimate impact of this operation on selling price under 2 scenarios:(a) With economies of scale, given the merger. Cost reduction of 15%.b) Without economies of scale, constant cost of 50%.c) How much does market power of merged company change, considering with and without economies of scale?
- Explain whether or not each industry fits the definition of an oligopoly. What are the dominant firms ineach industry?(a) Video game consoles(b) Video streaming services(c) Internet search engines(d) Beer(e) CornExplain what competition? What is the types of competitions? Discuss Perfect competition?Oligopoly – Monopoly?Economics Name Date Pd Market Structures SSEMI4 The student will explain the organization and role of business, and analyze the four types of market structures in the U.S. economy. c. Identify the basic characteristics of monopoly, oligopoly, monopolistic competition & pure competition --Use the notes on Verge to fill in the chart Price Setting Power (easy, difficult, (control over price none, a lot, etc.) Market # of firms in industry (many, few, etc.) Differentiated or Ease of Entry Use of Non Price Homogeneous Structure Competition (yes/no) Product/Service etc.) Еxamples Pure or Perfect Competition Monopolistic Competition Oligopoly Geographic- Monopoly Technological- Natural-