An industry consists of three firms with sales of $ 300,000, $ 700,000, and $ 250,000. a.
Question:
An industry consists of three firms with sales of $ 300,000, $ 700,000, and $ 250,000.
a. Calculate the Herfindahl- Hirschman index (HHI).
b. Calculate the four- firm concentration ratio (C4).
c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, do you think the Department of Justice would attempt to block a horizontal merger between two firms with sales of $ 300,000 and $ 250,000? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (23 reviews)
a The HHI is b The fourfirm concentration ratio is 100 percent c If the firms with s...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0073523224
8th edition
Authors: Michael Baye, Jeff Prince
Question Posted:
Students also viewed these Economics questions
-
An industry consists of three firms with sales of $200,000, $500,000, and $400,000. a. Calculate the Herfindahl-Hirschman index (HHI). b. Calculate the four-firm concentration ratio (C4). c. Based on...
-
Based on the FTC and DOJ Horizontal Merger Guidelines, do youthink the Department of Justice would attempt to block a horizontalmerger between two firms with sales of $300,000 and $400,000?Explain
-
An industry consists of two Cournot firms selling a homogeneous product with a market demand curve given by P = 100 - Q1 - Q2. Each firm has a marginal cost of $10 per unit. a) Find the Cournot...
-
A small piece of zinc is dissolved in 50.00 mL of 1.035M HCl. At the conclusion of the reaction, the concentration of the 50.00 mL sample is redetermined and found to be 0.812 M HCl. What must have...
-
Solve the present value formula (5) for n. In Problem, use formula (5) or (6) to solve problem.
-
How would different organizational activities and objectives affect organizational culture?
-
0.3409 Use the Standard Normal Table or technology to find the z-score that corresponds to the cumulative area or percentile. Table 4-Standard Normal Distribution Arca Z 0 Z .09 .08 .07 .06 .05 .04...
-
The auditors of SSC Company are working on both audit objectives for the various accounts and documentation requirements. Parts (a) through (d) of this question relate to objectives, while part (e)...
-
Discuss a competency for a position, and describe some of the indicators used to determine if the competency is present. There should be five indicators.
-
Your client Kevins Train Spotting Limited holds a 25-year lease dated 01/01/2000 with 5 yearly reviews. The rent passing is currently 92,000 per annum. The Companys Director has approached you with a...
-
Recently, the owner of a Trader Joes franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $ 65,000, and her store made $ 120,000 in profits (not...
-
Suppose the own price elasticity of market demand for retail gasoline is 0.8, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales of $ 1.5 million annually. What is the price...
-
In Exercises find the logistic equation that passes through the given point. dy 4y dt 5 || 1 150' (0,8)
-
An object is moving in straight line with velocity u at time t obeys the differential equation: du C(8u) dt Given that at time t = 0, the initial velocity is 2V and at time t = T, the velocity is 4V....
-
Find an equation of the curve y = dx f (x) that satisfies the differential equation = y sin x and passes through the point (1,1). [Hint: Integration by parts will be useful.]
-
11 12 13 14 15 16 17 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Home H12 A Excel File Edit View Insert Insert B AutoSave OFF Cash Inflows Cash...
-
Find currents I, I2 and 13 based on the following circuit: 3 9V 122 ^^^ AAA 202 102 6 V 122 [a] Write linear equations in terms of I1, I2 and 13 based on the given circuit. [b] Write the equations...
-
Given instruments in the following table Instrument 6m (182 day) T-Bill 2y Treasury 3y Treasury 5y Treasury 7y Treasury 10y Treasury Semiannual coupon rate Market yield Market price 0.75% 1.40% 2.00%...
-
Distinguish between a. Neutrophil and macrophage b. Cytotoxic T cell and natural killer cell c. Effector cell and memory cell d. Antigen and antibody
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
Bison Brothers intends to issue a $4 million offering without general solicitation. It plans to sell the securities to three investors. Investor A is an investment bank and has a net worth of $2...
-
Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $125,000. When this same manager is...
-
Compare the advantages and disadvantages of using spot checks/hidden video cameras in the workplace and pay-for-performance pay schemes as means to influence worker performance.
-
Discuss the impact of the following factors on the optimal method of procuring an input. a. Benefits from specialization. b. Bureaucracy costs. c. Opportunism on either side of the transaction. d....
-
Supply is the connection between the cost of a decent and the amount ready to move costing that much. It very well might be addressed as a table or diagram relating cost and amount provided. Makers,...
-
If 50% of the men 18-34 years old watch television on Mondays at 11 PM, and 30% of those viewers watch Monday Night Football, what is Monday Night Football's rating among men 18-34?
-
Assume you are a media planner and you have just completed a media plan using both magazine and television advertising. Your magazine schedule reaches 50 percent of the target audience and your...
Study smarter with the SolutionInn App