Find the four-firm concentration ratios for the industries

Assignment Help Econometrics

Reference no: EM13233502

As you learned in this chapter, economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this application, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligopolies in light of your research.

Go to Concentration Ratios in Manufacturing, click on the PDF of the most recent Economic Census for Manufacturing (NAICS 31-33), and answer the following questions in a two to three page paper written in APA format as outlined in the approved APA style guide.

a. Find the four-firm concentration ratios for the following industries: fluid milk (311511), women's and girl's cut & sew dresses (315233), envelopes (322232), electronic computers (334111).

b. Which industries are characterized by a high level of competition? Which industries are characterized by a low level of competition? Define oligopolies and identify which of the listed industries qualify as oligopolies.

c. Name and describe some of the firms that operate in the listed industries that qualify as oligopolies.

d. Discuss whether or not oligopolies are always bad for society, using examples from the firms you described.

Reference no: EM13233502

Questions Cloud

Explain what was the concentration of the solution : A chemist wanted to determine the concentration of a solution of lactic acid, HC3H5O3. She found that the pH of the solution was 2.49. What was the concentration of the solution

Discuss whether there are too many standards organizations : Discuss whether there are too many standards organizations attempting to regulate the networking field

State what was the original concentration of the acetic acid : on a laboratory shelf was of undetermined concentration. If the pH of the solution was found to be 2.39, what was the original concentration of the acetic acid

Identify and describe three limitations of relational model : Identify and describe three limitations of the relational model and recommend strategies to overcome these limitations.

Find the four-firm concentration ratios for the industries : Find the four-firm concentration ratios for the following industries: fluid milk (311511), women's and girl's cut & sew dresses (315233), envelopes (322232), electronic computers (334111).

Manifesto of futurism : Using Friedrich von Bernhardi's Germany and the Next War and Filippo Marinetti's "Manifesto of Futurism," what is good about war according to the two authors.

A task which follows a set of established instructions : External rewards and punishments can work nicely for algorithmic tasks but they can be devastating for heuristic ones. Solving novel problems depends heavily on the intrinsic motivation principle of creativity.

What benefits can older employees lend to emerging sectors : As we evolve away from an industrial base to a more service-oriented economy, what benefits can older employees lend to emerging sectors? Younger employees?

What is the weight of the bananas in newtons : At an outdoor market, a bunch of bananas attached to the bottom of a vertical spring of force constant 16.0 N/m is set into oscillatory motion with an amplitude of 20.0 cm

User Account

All Pages