Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate
Question:
Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not?
Table 11.5
Transcribed Image Text:
GM Ford Toyota Chrysler 19% 17% 14% 11%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To calculate the fourfirm concentration ratio for the US auto market we simply add up the market sha...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. Use the table below to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not? Market Share 19% Manufacturer GM Ford Toyota Chrysler...
-
Predict the product and draw the mechanism of its formation. Include lone pairs and charges in your answer. Using wedges and dashes to indicate the stereochemistry as necessary. Do not use...
-
A market has six competitors in it, with the following total sales amounts: FIRM Total sales A $ 200 (million) B 500 C 300 D 700 E 600 F 800 G 900 a. Calculate the four firm concentration ratio for...
-
Find the indicated quantities for the appropriate arithmetic sequence. The sum of the angles inside a triangle, quadrilateral, and pentagon are 180, 360, and 540, respectively. Assuming this pattern...
-
Greenman's wife bought him a Shopsmith-a power tool that could be used as a saw, drill, and wood lathe. Greenman had studied material about the product and asked his wife to buy it. Two years later,...
-
The four major blood groups are designated A, B, AB, and O. Within each group there are two Rh types: positive and negative. Using library resources or the Internet, find data on the relative...
-
What are the four different types of AI machines or applications? How do they differ?
-
Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems. a. Leslie Thomas, a secretary at the...
-
Mark has just set up a retirement plan where he will deposit $275 at the end of each month for the next 20 years until he retires. If the account earns j4-5.92%, how much money will be in Mark's...
-
Do you think it is possible for government to outlaw everything that businesses could do wrong? If so, why does government not do that? If not, how can regulation stay ahead of rogue businesses that...
-
Use Table 11.5 and Table 11.6 to calculate the Herfindal-Hirschman Index for the U.S. auto market. Would the FTC approve a merger between GM and Ford? Table 11.5 Table 11.6 GM Ford Toyota Chrysler...
-
(a) Give a set that is closed under scalar multiplication but not addition. (b) Give a set closed under addition but not scalar multiplication. (c) Give a set closed under neither.
-
Why is the collection of the keys of a map a set and not a list?
-
What is the difference between a binary tree and a binary search tree? Give examples of each.
-
Consider an array list implementation with a removeLast method that shrinks the internal array to half of its size when it is at most half full. Give a sequence of addLast and removeLast calls that...
-
Repeat Exercise R15.10 , using the removeIf method. (Read the description in the API of the Collection interface.) Use a lambda expression (see Special Topic 10.4). Data from exercise R15.10 You are...
-
Write a program with a graphical interface that allows the user to convert an amount of money between U.S. dollars (USD), euros (EUR), and British pounds (GBP). The user interface should have the...
-
If you were a union organizer, how would you go about persuading workers to join the union? You can assume they are familiar with the economic concepts discussed in this chapter.
-
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
-
(a) What is the magnitude of the angular momentum for an I = 1 electron? (b) Calculate the magnitude of the electron's spin angular momentum. (c) What is the ratio of these angular momenta?
-
Calculate the velocity of a star moving relative to the earth if you observe a wavelength of 91.0 nm for ionized hydrogen capturing an electron directly into the lowest orbital (that is, a ni = ( to...
-
Find the value of I, the orbital angular momentum quantum number, for the moon around the earth. The extremely large value obtained implies that it is impossible to tell the difference between...
-
FIGURE shows a closed loop system with a variable gain element G in the feedback path. (a) Derive an expression for y/x (b) Show that for large values of K1 and K2 the value of y/x can be varied...
-
Hot water demand of a building is 5 0 Liperson / day and an average occupancy of the building is 5 0 people. The supplied cold water temperature is 2 0 oC and the hot water temperature at the storage...
-
4. The slab of thickness H in the figure below is at temperature T, when the electric heat and convection conditions are suddenly applied. Set up the proper differential equation and conditions. hoo,...
Study smarter with the SolutionInn App