Question: 2. The table below contains the Four-firm concentration ratio and the HHI of five industries in the U.S. (3 pts each) Four-firm concentration ratio

2. The table below contains the Four-firm concentration ratio and the HHI

2. The table below contains the Four-firm concentration ratio and the HHI of five industries in the U.S. (3 pts each) Four-firm concentration ratio and the HHI. Industry Breakfast cereal Ice cream News Papers Motor Vehicles Women's closing Four-Firm Concentration ratio (percentage) 80 20 20 75 10 HHI 2253 (Ctrl)- 293 241 2676 61 a. Based on the information provided, determine the degree of competitiveness in each of the industries and in doing so, determine the market structure of each industry. b. The concentration measures are useful indicators of the degree of competition. But In some cases, the concentration measures may give misleading reading of competition in an industry. For which of the listed industries do the concentration measures give misleading information? Why?

Step by Step Solution

★★★★★

3.45 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A PART Breakfast cereal The fourfirm concentration ratio and the HHI of breakfast cereal is 80 and 2253 respectively This indicates that the market for breakfast cereal is highly concentrated with onl... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Psychology Questions!

CEC Entertainment, which owns the Chuck E. Cheese pizza chain, has the following selected data ($ in millions): Based on these amounts, calculate the following ratios for 2008: 1. Debt to equity...

Pizza Cheese Ltd produces cheese topping for the fast pizza industry. At the beginning of April, 40 000 kilograms of cheese topping was in process, 100% complete as to raw materials and 60% complete...

A pizza restaurant sold 24 cheese pizzas and 16 pizzas with one or more toppings. Twelve of the cheese pizzas were eaten at work, and 10 of the pizzas with one or more toppings were eaten at work. If...

The table below contains selected financial information included in the 2015 financial statements of Tyson Foods Inc. and Pilgrim's Pride Corp. Required: 1. Calculate the 2015 receivables turnover...

Winkler Furniture manufactures two different types of china cabinets: a French provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry,...

The table below contains selected financial information included in the 2009 financial statements of Del Monte Foods Co. and Smithfield Foods Inc. Required: 1. Calculate the 2009 receivables turnover...

The table below contains selected information from recent financial statements of The Home Depot, Inc., and Lowe's Companies, Inc., two companies in the home improvement retail industry ($ in...

The table below contains selected financial information included in the 2011 financial statements of Del Monte Foods Co. and Smithfield Foods Inc. Required: 1. Calculate the 2011 receivables turnover...

Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: Required: Complete the table. Actual Costs Spending Flexible Budget Volume...

The table below contains selected financial information included in the 2016 financial statements of Tyson Foods Inc. and Pilgrims Pride Corp. Required: 1. Calculate the 2019 receivables turnover...

Oddjob had $ 7 , 8 0 0 capital invested in his business at the start of the year. During the course of the year he took $ 3 , 1 0 0 cash out of the business and also paid his wife, who did some...

A classroom discipline plan that will be suitable for use in their future classrooms. The formalized classroom discipline plan an environment conducive to learning. Additionally, plan activities...

Select any company. Analyze and explain for the selected company: 1. What type of organization structure is being followed? Why? 2. What is the span of control? Why? 3. Centralized vs decentralized,...

Q1 Outline what a Malnutrition Universal Screening Tool (MUST) is. S NY 1 S Student to add answer here

Q1 State one rationale for completing a Skin assessment on Maida. 9 Student to add answer here S NEW S

In the article: Acute symptomatic seizures in the emergency room: predictors and characteristics A. What type of study is used in the article (quantitative or qualitative)? Explain how you came to...

Thatcher Corporation's bonds will mature in 17 years. The bonds have a face value of $1,000 and an 11% coupon rate, paid semiannually. The price of the bonds is $1,050. The bonds are callable in 5...

Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...

Two leading online travel companies are Expedia and Priceline. Selected financial data for these two close competitors are as follows: Required: 1. Calculate the debt to equity ratio for Expedia and...

On January 1, 2012, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Required: Assuming the market interest rate on the issue date is...

During December, Far West Services makes a $1,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable.

As mentioned in the chapter, opinion-polling organizations contact their respondents by sampling random telephone numbers. Although interviewers can reach about 62% of U.S. households, the percentage...

According to Pew Research, the contact rate (probability of contacting a selected household) was 90% in 1997 and 62% in 2012. However, the cooperation rate (probability of someone at the contacted...

You roll a fair die three times. What is the probability that a) You roll all 6's? b) You roll all odd numbers? c) None of your rolls gets a number divisible by 3? d) You roll at least one 5? e) The...