Assume there are 10 equally sized hospitals in a market area. 1. Calculate the HHI. 2. Consider

Fantastic news! We've Found the answer you've been seeking!

Question:

Assume there are 10 equally sized hospitals in a market area.

1. Calculate the HHI.

2. Consider the case where two hospitals in the market area inform the Department of Justice (DOJ) that they wish to merge. (a) Assume the merger goes through. Recalculate the HHI.

(b) Compare two HHI you computed. How does the market concentration change?

(c) Assume the DOJ guideline to contest mergers is an HHI greater than or equal to 2500. Will the DOJ contest the two hospital merger?

Related Book For answer-question

Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

See More Books

Posted Date: Mar 20, 2024 09:39 PM

See More Questions

This question concerns lexical grammars. (a) Tree Adjoining Grammars contain two types of elementary tree. (i) What are these trees called? [1 mark] (ii) If one were building a grammar for English...
DON'T SUMMARIZE JUST PARAGRAPH OF WHAT YOU THOUGHT/LEARNED CHAPTER 13 - The phrase "garbage in, garbage out" highlights the importance of input controls. If the data entered into a system are...
Describe, in detail, how the heapsort algorithm works. [10 marks] Show that the worst-case cost of heapsort is O(n log n). [6 marks] Would it be possible to implement a variant of heapsort based on a...
The US Womens Swimming Team won the 1500 m relay at the 2016 Olympic Games. Here are the completion times, in seconds, for all eight teams that competed in the finals: a. Calculate the sample...
The general fund budget for the state of Kentucky for 1988 (Period 1) to 2011 (Period 24) follows (Northern Kentucky Enquirer, January 18, 2012). a. Construct a time series plot. What type of pattern...
Foster Company purchased $ 1 , 2 0 0 , 0 0 0 of 8 % , 5 - year bonds from Carlin, Inc. on January 1 , 2 0 2 3 , with interest payable on July 1 and December 3 1 . The bonds sold for $ 1 , 2 4 9 , 8 9...
Quilts R Us (QRU) is considering investing in a new patterning attachment with the cash flow profile shown in the table below. QRU's MARR is 13.5 percent/year. a. What is the internal rate of return...
Amazon.com, Inc., headquartered in Seattle, WA, started its electronic commerce business in 1995 and expanded rapidly. The following transactions occurred during a recent year (dollars in millions):...
Need a fix, and explain code. Why can't b.size access Small? If size = 1 is public shouldn't it be able to be accesssed from outside the class? public class Big { private Small s = new Small();...
ces Mc On December 31, records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense Total equity Total...
what are few myths about Emotional Intelligence (EI), and how are they validated? 2. Can there be a case made for Emotional Intelligence(EI)specifically inorganizationalresearch? 3. Compare the...
When you are pushed to the side of a car while making a sharp turn, it may feel like the side of the car has developed a gravitational attraction for you. How fast would you have to drive around a...
Why is emotional intelligence important for team performance and how can you use emotional intelligence to increase team performance?
Clearly define and discuss situational leadership style. 2.Describe a leader who personifies situational leadership style. 3. What does the leader do that makes them a good fit for situational...
What is situational leadership? How can leaders use situational leadership in their daily activities to better their organization? How can Situational Leadership be used to develop employees...
Assume that, on an average, Sony spends 30,000 to manufacture its products in Japan and spends $30 on marketing and distribution in the United States. Sony sells the product in the United States on...
Fill in each blank so that the resulting statement is true. A solution to a system of linear equations in two variables is an ordered pair that__________ .
The file S02_35.xlsx contains (fictional) data from a survey of 500 randomly selected households. Use Excel filters to answer the following questions. a. Identify households that own their home and...
The auditor of Kiely Manufacturing is concerned about the number and magnitude of year-end adjustments that are made annually when the financial statements of Kiely Manufacturing are prepared....
In the last sheet of the finished version of the Fixed Cost Manufacturing file, we illustrated one way to model the Great Threads problem with IF functions, but saw that this approach doesnt work....
Let $F: \mathbb{R} ightarrow[0,1]$ be a distribution function. a) Show that there exists a probability space $(\Omega, \mathscr{A}, \mathbb{P})$ and a random variable $X$ such that...
Let $\left(B_{t}ight)_{t \geqslant 0}$ be a $\mathrm{BM}^{d}$ and assume that $X$ is a $d$-dimensional random variable which is independent of $\mathscr{F}_{\infty}^{B}$. a) Show that...
Let $\left(B_{t}, \mathscr{F}_{t}ight)_{t \geqslant 0}$ be a one-dimensional Brownian motion. Which of the following processes are martingales? a) $U_{t}=e^{c B_{t}}, c \in \mathbb{R}$; b)...

Assume there are 10 equally sized hospitals in a market area. 1. Calculate the HHI. 2. Consider

Question:

Expert Answer:

To calculate the HerfindahlHirschman Index HHI 1 Calculate the HHI Given that there are 10 equally s... View the full answer

Data Analysis and Decision Making

Students also viewed these economics questions