User Account

All Pages

What is the herfindahl-hirschman index of the industry

Assignment Help Business Economics
Reference no: EM131756936

An industry consists of three firms. All three have identical variable costs VC(q) = 5q + q2, but whereas Firms 2 and 3 have fixed costs of $2,000, Firm 1's fixed costs are $3,000. Market demand is Q = 335 - p and the firms play Cournot. What is the Herfindahl-Hirschman Index of the industry?

Reference no: EM131756936

Questions Cloud

What identities and statuses do you hold : What identities and statuses do you hold? (Please be sure NOT to disclose any that you are not comfortable with the instructor
What was the apparent reason or need for the new rules : During the past year the NLRB adopted new rules regarding the process for union elections. What was the apparent reason/need for the new rules?
Estimate the mean of the distribution : Do adolescent girls eat fruit? We all know that fruit is good for us. Below is a histogram of the number of servings of fruit per day claimed by 74.
Highly skilled graduates into the financial industry : How do you think productivity, technological innovation, and GDP are affected by the fact that the financial industry is able to lure these highly skilled
What is the herfindahl-hirschman index of the industry : Market demand is Q = 335 - p and the firms play Cournot. What is the Herfindahl-Hirschman Index of the industry?
Identify potential hazards in the department : Identify potential hazards in the department and develop a schedule when you will check on the performance of equipment to make sure these are being cleaned.
Impact spending by the economy : Health care is very important to the US economy. How do you think new changes in the health care laws can impact spending by the economy?
What is the market equilibrium price and quantity : a. What is the market equilibrium price and quantity? Sketch your answer as well as calculate it numerically.
How data seem to contradict the claim in the article : Don't call me In a September 28, 2008, article titled "Letting Our Fingers Do the Talking," the New York Times reported that Americans now send more text.

Reviews

Write a Review

Business Economics Questions & Answers

  Water cooler the demand also cost estimate

Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.

  Capital structure weights on a book value basis

What are the company's capital structure weights on a book value basis?

  Define the law of one price and explain role of arbitrage

1. Explain how a firm can increase its profits through price discrimination.

  About the elements of the treaty of versailles

What were the basic elements of the Treaty of Versailles (1919)? why were some critics among the allies concerned about the elements of the Treaty of Versailles? what were some of the impacts of the treaty?

  What is the biological equilibrium of the fishery

Suppose that the biological mechanics for a fishery are given by the equation F(X) = aX - bX^2 , where X is the biomass of the fishery, and a and b are biological parameters assumed to be constant and positive. What is X MSY , the maximum sustainable..

  How does law prohibiting kidney sale affect

What dose the supply and demand for human kidneys looks like? If a market in kidneys were legal, who would get them? How does a law prohibiting kidney sale affect the quantity of kidney transplants or their distribution?

  Financial issues that you have questions about

Are there any other financial issues that you have questions about? What else is not clear and/or you would like to know more about?

  Q1 assume that serendipity bank has overload reserves of

q1. assume that serendipity bank has overload reserves of 8000 and checkable deposits of 150000. if preserve ratio of

  Compute the average total cost per cwt

The Hamilton Flour Company is currently operating its mill six days a week, 24 hours a day on 3 shifts. At current prices, the company could easily obtain a sufficient volume of sales to take the entire output of the seventh day of operation each wee..

  Compute all relevant opportunity costs

Suppose the US can produce a bushel of wheat in 1 hour and a CD player in 10 hours. Thailand can proudce a bushel of wheat in 13 hours and a CD player in 2 hours. According to the law of coparative advantage, who should proudce wheat and who should p..

  Why may a budget surplus be considered undesirable

How is it possible for some people to pay "negative" taxes? Why is it important to distinguish between deficits and debt? Why may a budget surplus be considered undesirable?

  Business of creating chemical solutions for cleaning pools

ChemCore Company is engaged in the business of creating chemical solutions for cleaning pools. As a result of the chemical engineering process, a number of harmful waste products were created. Kyle Bishop lives downstream from ChemCore and has notice..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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