Question
Offered Price $15.00

Problem Set

Question # 00000185
Subject: Economics
Due on: 07/17/2013
Posted On: 07/23/2013 01:12 PM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
11
Tutorials:
0
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

Complete the following problem :

The attached table represents the market share of the top eight firms in a hypothetical industry in 2006 and 2011.

  • Calculate the four-firm concentration ratios for 2006 and 2011. Analyze the industry changes during this five-year period.
  • Calculate the eight-firm concentration ratios for 2006 and 2011. Does this index give you any different indication about changes in the industry over the same period?
  • Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?
  • Hypothesize what you think might have happened to supply, demand, and price of products in this industry from 2006 to 2011. Use charts, if appropriate, to illustrate your response.

5-4 Homework: Problem Set Data

Firm

Market Share 2006

Market Share 2011

A

10%

32%

B

8%

5%

C

12%

12%

D

20%

29%

E

21%

9%

F

2%

1%

G

5%

4%

H

6%

2%

Tags problem 0 1 industry calculate changes share does market ratios information indexes eightfirm period concentration index fourfirm products charts price supply happened appropriate demand illustrate firm following data problemset response

Tutorials for this Question
Available for
$12.00

Economic problem solution

Tutorial # 00000104
Posted On: 07/23/2013 01:14 PM
Posted By:
Best Tutors for school students, college students mac123
Expert tutors with experiences and qualities
Questions:
4661
Tutorials:
6257
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview ……
Purchase this Tutorial @ $12.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...