Question: Question 19 (2 points) The following table represents the market shares of saltine chips in the Canadian marketplace. The chip market in Canada primarily competes

Question 19 (2 points) The following table

Question 19 (2 points) The following table represents the market shares of saltine chips in the Canadian marketplace. The chip market in Canada primarily competes on price for the best distribution through retailers. Brand Ripple Rumble Zesty Doritos Rice Ripples Too Good to be Tr Old Fashioned Snack Time PEI Gold Tasty Snacks Crunchers Xxx Hot Ones Manufacturer Dutchie Old Frito-Piper Mostess Mostess Frito-Piper Mostess Frito-Piper Mostess Frito-Piper Moises Market Share 15.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 5.0% Considering the market shares for the saltine chips in Canada, how would you characterize the competitive situation? With the top 3 brands representing 35% of the market, and a brand Herfindahl index of 105 this is a competitive market. With the top 4 brands representing 45% of the market and a Herfindahl index of 0.10 this is a highly competitive oligopoly. Because Frito-Piper and Mostess are the largest manufacturers with 80% market share, and the Herfindahl index is only 0.14, this is a competitive oligopoly. Since most competitors have similar market share and the top manufacturers represent 80% of the market, this is an example of monopolistic competition

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 General Management Questions!

Komiko Tanaka invests $12,000 in LymaBean, Inc. LymaBean does not pay any dividends. Komiko projects that her investment will generate a 10 percent before-tax rate of return. She plans to invest for...

Need help ASAP Question 30 (2 points) The following table represents the market shares of saltine chips in the Canadian marketplace. The chip market in Canada primarily competes on price for the best...

Question 30 (2 points) The following table represents the market shares of saltine chips in the Canadian marketplace. The chip market in Canada primarily competes on price for the best distribution...

The following table represents the market shares of saltine chips in the Canadian marketplace.The chip market in Canada primarily competes on price for the best distribution through retailers. The...

Project Description: By 2 0 2 0 increased demand for semiconductor chips in consumer electronics resulted in a chip shortage for many other manufacturing industries ( Straughan , 2 0 2 3 ) . Many...

Project Description: By 2020 increased demand for semiconductor chips in consumer electronics resulted in a chip shortage for many other manufacturing industries (Straughan, 2023). Many North...

Compare Target to its competitors Sears and Walmart .Please evaluate all three companies on the most recent year of (1) profit margin on sales , (2) net income divided by average total assets , (3)...

Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...

PLEASE HELP ME!! I can't figure out these answers Prepare a horizontal analysis of the Income Statement for the most current year. (See page 18-11 for the proper format). Note you MUST USE EXCEL to...

May I get the solutions, please? 1980 (in MILLIONS of dollars)? BOX 2: By what percent did real GDP grow between 1970 and 1980? BOX 3: How much did real GDP grow between 1980 and 1990 (in MILLLIONS...

Provide one full APA page of text (minimum) that identifies TAP - Molson Coors company, it's primary products, markets, subsidiaries, risks , and any special highlights about TAP - Molson Coors ....

Beckett Manufacturing is a contract manufacturer that assembles products for other companies. Beckett has two service departments, Maintenance and Administration, and two operating divisions, Small...

Consider the figure below, which shows a leaky bucket policer being fed by a stream of packets. The token buffer can hold at most two tokens, and is initially full at t =O. New tokens (uTive at a...

8 of 3 3 This test: 1 This quest Assigning manufacturing overhead costs and other indirect costs is called A . predetermined manufacturing overhead rate. B . cost allocation. C . materials...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...