Total sales = 5.3 m +199000+2.6 m+850000 = 8949000
Firm 4 share = 850000/8949000*100 = 9%
1 Total sales Firm 1 Firm 2 Firm 3 Firm 4 Industry 1 35. За $199,000...
Suppose a ten firm industry has total salos of $35 millon per year. The largest firm have sales of $10 million, the third largest firm has sales of $4 milion, and the fourth largest firm has sales of $2 million If fifth through tenth largest firms combined have annual sales of $12 million, the four - firm concentration ratio for this industry is O A. 45.7 percent. OB. 65.7 percent. O C. 80 percent D. none fo the above.
If the 4 firm concentration is 35%,what can you say about the industry?
The top six firms in an industry have total sales of the following respectively: $70 million, $40 million, $40 million, $30 million, $10 million, $10 million; sales of all other firms in the industry totals $20 million. For this industry, what is the 4-firm concentration ratio? Based on the value calculated, what market structure does this industry represent and why?
Numerical Example A representative firm is operating in a perfectly competitive industry. The firm’s total cost, TC, is given by the equation TC = 50 + 5q2 , where q is output. Based on this equation, the marginal cost, MC, is 10q. 1. If the output price is $100, what is the short-run profit-maximizing output? 2. How much profit does this firm make at that level of output? 3. What do you expect to happen in the market in the...
31 of 50 (36 complete) This Question: 1 pt Suppose that the distribution of sales within an industry is as shown in the following table: Share of Total Market Sales 15 14 12 Firm 10 10 13 100% All others Total There are 13 "All others" in the industry in the above table, each of which has a share of sales equal to 1 percent. The value of the Herfindahl-Hirschman Index for this industry isEnter your response as a whole...
Using the information below on firm total sales in the US TV set manufacturing industry, what is the four-firm concentration ratio for the US TV industry? Firms Revenue (in m $) Philips/Magnavox 1,270 Matsushita/Panasonic 840 Sony Toshiba 1,230 950 15 smaller firms 090 0 62.5% 45.3% %00 55.1%
The firm has $878,000 of sales and $913.000 of total assets. The firm is operating at 93 percent of capacity Capital Intensity Total Assets/Sales.) What is the capital intensity ratio at full capacity? 0.62 O b0.88 0.97 c. O d. 1.03 1.14
Long Run Equilibrium 4. Suppose each firm in a perfectly competitive industry has the same long run total cost function T C(q) = 16+q^2 . The market demand curve is QD = 100−P. (a) What 3 equations define a Long Run Perfectly Competitive Equilibrium? (b) How much quantity q ∗ does each firm produce in Long Run Perfectly Competitive Equilibrium? (c) What is the market price P ∗ in this equilibrium? (d) Find the market quantity Q∗ . ( e)...
If the 4 largest cell service providers sales make up 56% of total sales in the entire industry, then the industry is considered to be Multiple Choice monopolistically competitive. a monopoly. perfectly competitive. an oligopoly.
Question 35 (1 point) Quantity of Scissors 1 2 3 4 5 6 Total Cost $12 $16 $22 $30 $40 $52 The table above shows the total cost for different quantities of production for a small scissor company. If the price of scissors is $11 per scissor, how many scissors does the company produce? 5 scissors 6 scissors 3 scissors O 4 scissors