How would you describe this industry

Assignment Help Other Subject
Reference no: EM13316181

Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 20%. How would you describe this industry? Suppose the demand for the product rises and pushes up the price for the good. What long-run adjustments would you expect following this change in demand? What does your adjustment process imply about the CR for the industry? Now consider that the industry has 20 firms but the CR for the industry is 80% instead of 20%. How would you describe this industry? What are some reasons why this industry has a high CR while the other industry had a low CR? Is it possible for smaller firms to thrive and profit in such an industry? How?

Reference no: EM13316181

Questions Cloud

Estimate the radon concentration in the crawl space : An exhaust system was added to provide 1 air exchange per hour (ACH) in the crawl space. The outdoor concentration of radon is 1 pCi/L. Estimate the radon concentration in the crawl spce (in pCi/L).
What is the electric potential at the center of the sphere : A metal sphere of mass M and radius R is charged up so that its surface is at an electric potential V. What is the electric potential at the center of the sphere
Determine the probability densities for the given variables : Suppose that 0.03% of plastic containers manufactured by a certain process have small holes that render them unfit for use. Let X represent the number of containers in a random sample on 10000 that have this defect.
Explain the development of the secured information systems : Use of mobile based services to make the direct contact with the customers about their health and keep contact with patients in regular manner.
How would you describe this industry : Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 20%
Estimate probability that given square meter of aluminium : The number of flaws on a sheet of aluminum manufactured by a certain process follows a Poisson distribution. In a sample of 100m2 of aluminum, 200 flaws are counted.
Does either player have a dominant strategy : Does either player have a dominant strategy? Does either have a dominated strategy? Explain.
Find how much can the company afford to spend now : Wheeling-Pittsburg steel is investigating whether it should replace some of its basic oxygen furnace equipment now or wait to do it later. The cost later (3 years from now) is estimated to be 1,700,000.
What diameter of circular conduit flowing would be required : What diameter of a circular conduit flowing full would be required to carry the same quantity of flow as in a concrete trapezoidal channel of 20 ft width and 45 degrees side slopes, running at a depth of 3.0 ft

Reviews

Write a Review

Other Subject Questions & Answers

  Earth''s magnetic field is generated

Earth's magnetic field is generated by:

  Case study of law contracts

Do the car payments give Wilma a better leg to stand on in court? Explain fully your answer to these questions.

  Discuss whether government agencies

"Discuss whether government agencies are given too much, too little, or just the right amount of power to serve American citizens.

  What aspect of the myers-briggs type indicator

If you are a person who dislikes taking time for precision work, such as completing tax returns, you would probably score high on what aspect of the Myers-Briggs Type Indicator (MBTI)?

  Internationational security assistance

After 2014, will NATO continue in AFG or is it more likely to shift to a 'Coalition of the willing' and why? What multinational C2 relationship would best suit your chosen scenario and why?

  Correct statement of null and alternate hypotheses

correct statement of null and alternate hypotheses; correct critical values from the table NOT a calculator or other program; correct calculation of test statistics;

  What does the term national standard of care mean

What does the term "National Standard of Care" mean? Develop your response in relation to health care quality and from a legal perspective.

  Original number divided

Three friends divided some bullets equally. After all of them shot 4 bullets the total number of bullets remaining is equal to the bullets each had after division. Find the original number divided.

  How medical conditions might mimic psychological disorders

Can someone help me with an example of how medical conditions might mimic psychological disorders?

  Some nefarious computer activities called ping sweeps

Your boss has just heard about some nefarious computer activities called ping sweeps and port scans. He wants to know more about them and what the impact of these activities might be on your company.

  What is the crash cost per day per activity

Schedule Crashing Using the network below and the additional information provided, find answers to the following questions. (a) What is the crash cost per day per activity?

  Managements options including criminal-civil prosecution

Management of a closely held private business has discovered that money is missing and suspects that an employee has embezzled money from the business. Discuss managements options including criminal/civil prosecution if the missing money is A) $500 B..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd