Business Brief 3
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1 To: Scott Murray From: Ahmad Jaradat Subject: ECON 723 –
Business Brief 3 Date: 03/08/2024
2 Introduction Spectrum –
The Spawn of Time Warner Cable and Charter Communications Memo 13. Time Warner Cable and Charter Communications, now known as Spectrum, have merged to combat the competition, in the cable television industry brought about by advancements. Spectrum is actively devising strategies based on market share data collected from a survey in the Metro area. The aim is to analyze this data to formulate measures for addressing the concentration within the cable industry and developing a strategy. Industry Concentration Calculations To assess the level of market concentration you should compute the Herfindahl Hirschman Index (HHI) for both 2015 and the present year. The HHI is derived by squaring the market share of each company operating within the market and then adding up these squared values. 10,000 to remove decimals. Subscriptions of Firms / Total Subscriptions = Market Share HHI in 2015= (45.2^2+35.2^2+8.94^2+11.76^2) 10,000= 3,500 HHI in Current Year= (44.2^2+34.54^2+8.7^2+11.79^2+0.68^2) 10,000= 3,361 Services Market Share % in 2015 Market Share % in Current Year Time warner 75,625 / 167,030= 45.2 74,520 / 168,310= 44.2 At & T 56,815 / 167,030= 35.2 58,140 / 168,310= 34.54 Dish 14,940 / 167,030=8.94 14,650 / 168,310= 8.7 Direct Tv 19,650 / 167,030= 11.76 19,850 / 168,310= 11.79 Google 0 / 167,030= 0 1,150 / 168,310= 0.68 Merger Concentration Calculations A new merger has been established between Direct TV and Dish Network. HHI in the Current Year with the merger= (44.2^2+34.54^2+20.49^2+0.68^2) 10,000= 3,566 Services Market Share % in Current Year Time warner 74,520 / 168,310= 44.2 At & T 58,140 / 168,310= 34.54 Dish & Direct TV (14,650 + 19,850) / 168,310= 20.49 Google 1,150 / 168,310= 0.68
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Related Questions
J
Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use.
NAME
DATE
CLASS
Math Practice for Economics
Comparing Prices among Competitors
networks
Background information: The candy industry in the United States could be defined as an oligopoly
because just three companies make 99.4% of snack size chocolates. The big three companies are
Hershey's, Mars, and Nestle. All three companies use much of the same ingredients, so how do they
compete against one another? This is primarily done through price.
Directions: The two tables below show what a snack size chocolate costs from the various candy
makers, big and small. Read the table below. Then, answer the following questions using the
information in the table.
110 ct bag $18.12
= 16 cents each
Walmart
Amazon
Hershey's
215 ct. bag $13.88
= 6 cents each
100 ct. bag $12.81
= 13 cents each
Mars
230 ct. bag $13.88
= 6 cents each
Nestle
70 ct. bag $8.98
= 13 cents each
55 pc. Bag $17.96
= 33 cents each
Candy…
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Principles of EconomicsTitle: Market Structure Analysis
Objective:
The objective of this assignment is to analyze and compare the market structures of a company that fits the definition of a monopoly, a monopolistic competition, and an oligopoly. Students will gain insights into the business strategies, market behavior, and implications for consumers and competition in different market structures.
Instructions:
1) Company Selection - Each group should choose one company that clearly fits the definition of either a monopoly, monopolistic competition, or oligopoly. The selected companies can be local or international.
2) Market Structure Identification - Identify and describe the market structure in which each selected company operates. Provide evidence and reasons for classifying the company under the chosen market structure.
3) Characteristics Analysis - For each company, analyze and discuss the characteristics associated with its respective market structure. Consider factors…
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Q3 solution needed
company: Amazon
1) Choose one product and identify its market structure among a perfectly competitive, monopoly, monopolistically competitive, and oligopoly and explain why.
Product:
Perfectly competitive:
Monopoly:
Monopolistically competitive:
Oligopoly:
2) Choose one company for your product and describe its history and at least three unique characteristics of that company.
The company for my product that I have chosen is ________. _____’s notable historical moments include ________. Three unique characteristics of _______ include _______.
3) Show and describe historical data on its quantities produced (sales), its price, and its revenue at least 10 years.
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Topic: Canadian Oligopoly/Monopoly Throughout Canada's history there have been many
Oligopoly and Monopoly players - your assignment is to find an example of one, tell me
what justifies classifying them as such and give me a brief history of their rise (and fall if such
event has happened - there are some good ones out there). The tools you need to analyse
this question can be found in the second half of your textbook and there are plenty of places
to start online with this assignment 1. My expectation is that you will look at it from an
Economics perspective to understand and explain it. 2. Write this assignment as if the
person reading it has never taken an Economics course before so make sure to explain what
you are presenting. A complete citation/reference list is expected to be done according to
the most recent APA standards for any material you use. Do not include any information from
Wikipedia, using Wikipedia will result in a 10% penalty. Do not submit any work generated
by A.…
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(REAL-WORLD APPLICATION) You are NOT required to read the oligopoly chapter in the textbook, but
you already know quite a lot about it from our discussion of strategic interactions using game theory
in weeks 2-3. This market structure is between monopoly and monopolistic competition, with only a
handful of firms having a high degree of market power. Let's refresh your memory with the following
example. Assume that the Australian low-cost airline industry consists of two firms and their situation can
be represented by the following payoff matrix.
Tigar Air
Nothing
Low Price
More Advertising
0, 16
6, 6
Nothing
10, 10
2, 14
Jetstar
Low Price
16, 0
12, 4
More Advertising
14, 2
4, 12
8, 8
a. Before solving the game, put yourself in the position of Jetstar and write down your action. Then
independent of that, put yourself in the position of Tiger Air and write down your action.
b. State all the dominated strategies in the full game, by which strategy they are dominated, and
whether weakly or…
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COURSE: MICROECONOMICS LEVEL 2
COURSE: MICROECONOMICS LEVEL 2
Consider a company A operating in an oligopoly which has a market share of 20% and a unit cost of $50. It currently sells at a price (P) of $52.9 with a price elasticity of demand of -3.5. This company will merge with company D, so that market share will reach 50%. Estimate impact of this operation on selling price under 2 scenarios:(a) With economies of scale, given the merger. Cost reduction of 15%.b) Without economies of scale, constant cost of 50%.c) How much does market power of merged company change, considering with and without economies of scale?
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nd
QUESTION 1
ication
Match each of the terms to their description:
esources
Market Structure
A. many firms sell identical products
B. many firms sell similar, but not identical, products
C. one firm sells a unique product
D. a small number of firms control a market
Perfect Competition
Monopoly
Monopolistic Competition
the specific industry conditions that define the type of
E.
model
Oligopoly
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Question 10
For e-businesses that sell standardized products and services, the more
likely business strategy is that of
optimization
cost leadership
differentiation
the middle way
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Description of current market trends, economic environment, competition analysis, target
market, consumer insights & behavior analysis, and research problems of cafes after the pandemic.
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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Panther Acre Cattle Company - Chapter 7 Lab
A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell
fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the
weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as
follows:
Weight
Price per Pound
600-899 lbs
72¢
go to 3rd
900-1099 lbs
decimal
1100 lbs or more
70¢
Point
67¢
Pay attention to the price changes when computing MVP.
Input
Output
Feed
Weight
Selling
Required Gain
Weight
Total Average Marginal Marginal Marginal
Revenue Physical Physical Value
Input
(lbs)
(lbs)
(lbs)
Product
Product
Product
Cost
600
0
0
600
432
XXX
XXX
XXX
XXX
500
50 So
650
468
0.10
0.083
1,100
145 as
745
536.40 0.132
6.158
1,700
235 aol
835
601.20
0.138
0.15
2,300
320 85
920
644
0.139
2,900
400 80
1,000
700
0.138
3,500
465 65
1,065
745, 50 0.133
4,100
525 60
1,125
753.75 0.128
4,700
575 SO
1,175
787.25 0.122
5,300
615 40
1,215
814.05 0.116
5,900
645…
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Case summary: Professor W distributed copies of a section from business law text book to his students while he delivered a lecture about business torts at the University. Daughter of one of the textbook authors, present at the seminar, told her father, who in turn filed a suit against Professor W for copyright infringement.
To find: Infringement of the copyright and the result of the case.
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Question: Which of the following market structures is characterized by a large number
of firms, homogeneous products, free entry and exit, and perfect information? a)
Monopoly b) Oligopoly c) Monopolistic competition d) Perfect competition
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Question 4
The globalization of intellectual property rights has helped Starbucks to protect itself internationally, where competitors in China have ripped off its name and practices, and also affected on how Starbucks does business, as in purchasing trademarked coffee from Ethiopia.
Assume that the management of Starbucks plan to enter a new market in Least Developed Countries (LDCs). Propose the best global strategy of Starbucks based on the phrase “know yourself, know your opponents” in order to survive in the markeT
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Question 3
“In the meat market in US, there are 4 major meat corporations which have been accused of conspiracy to raise meat prices.
After a four-year legal battle, it’s unclear whether court settlements will discourage future collusion.”
a) What is the market structure described above? Discuss THREE (3) characteristics of this market structure.
b) Explain the meaning of collusion. What are its implications to the industry? Is collusion permitted in most countries?
c) State ONE (1) advantage and ONE (1) disadvantage of this market structure.
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Problem 07-16 (algo)
Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for
four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,100.
Case's share of that market was 20 percent, while Fiat comprised just 14 percent of the market. If approved, by how much would the
postmerger Herfindahl-Hirschman index increase?
Based only on this information, is the Justice Department likely to challenge the merger according to the Horizontal Merger
Guidelines?
No
Yes
O Possibly - but other factors will be considered
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Question 6
(a) Why is Perfect Competition considered to display high level of economic efficiency?
(b) How does monopoly result in a dead-weight loss? Illustrate with diagram.
(a) How is oligopoly different from monopolistic competition?
(b) Illustrate and explain how the oligopolistic firms determines their collective profit by maximizing price and output levels when they collude and act like a cartel (monopoly).
Question 7
(a) What are the main causes of market failure? Give one example and illustrate using a diagram.
(b) Explain the difference between private costs and social costs.
(c) Government of Country X is considering implementing a tax on fizzy drinks. Using a demand and supply diagram, illustrate what effect the tax will have on the market of fizzy drinks.
(d) For what purposes does government use taxes-both at micro and macroeconomic level?
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ANSWER ALL QUESTIONS 1,2 and 3
Sainsbury's-ASDA merger blocked by the regulator (Competition and Markets Authority) (CMA)
1) Do you think the reasons for a merger between ASDA and Sainsbury mentioned in the news are justifiable?
Why did the supermarkets want to merge?
The deal would have created the UK's biggest supermarket chain, accounting for £1 in every £3 spent on groceries.
Sainsbury's and Asda had said the planned tie-up would have cut their costs, allowing them to lower prices for consumers across the UK.
Analysts also believed it was designed to help the two supermarkets counter the rise of discounters Aldi and Lidl in the increasingly competitive grocery market.
2) The CMA provides economic justifications to the merger block by regulators
in the UK. Do you think the justifications are reasonable?
Why was the CMA concerned?
But the CMA, which had previously raised concerns about the deal, said the merger would lessen competition at both a national and local level.
Sainsbury's…
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Question: Which of the following market structures is characterized by a large number of firms, homogeneous products, free entry and exit, and perfect information? a)
Monopoly b)
Oligopoly c)
Monopolistic competition d)
Perfect competition
Please give me correct answer and full explanation. Note:-
Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.
Answer completely and accurate answer.
Rest assured, you will receive an upvote if the answer is accurate.
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Question 5
(a) Why does a monopolist typically produce a different amount compared to what could be
produced under a competitive market structure, and in what sense is it inefficient?
(b) Compare and contrast the non-cooperative and cooperative outcomes when duopolists
are involved in quantity competition.
(c) Provide an example of a one-shot game where no Nash equilibrium in pure strategies
exists.
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Question 16
Which one of the following statements is correct?
a) Under monopolistic competition, marginal revenue
b) Under monopolistic competition, marginal revenue
c) Under monopolistic competition, marginal revenue
d) Under oligopoly, marginal revenue is equal to avera
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Question 2
Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says. Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple…
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Subject: Microeconomics
Question:What market structure has a TR that is equal to the 45 degree line?
-pure
-monopoly
-monopolistic
-oligopoly
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Question 3:
In most developed countries, media markets are dominated by which two types of market structures?
A
Perfect competition
B
Monopolistic competition
C
Oligopoly
D
Monopoly
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II. Problem
1. Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table
contains recent information on the sales, costs, and profitability of the three models:
Average
Quantity Sold
(Units/Month)
15,000
5,000
10,000
Variable,
Cost per
Contribution
Current
Price
Total
Margin Per
Unit
Contribution
Model
Revenue
Unit
Margin*
$225,000
85,000
250,000
$560,000
A
$30
$450,000
175,000
450,000
$1,075,000
$15
$15
B
35
18
17
C
45
20
25
Total
* Contribution to fixed costs and profits.
The company is considering lowering the price of Model A to $27 in an effort to inçrease the
number of units sold. Based on the results of price changes that have been instituted in the
past, Tennis Products' chief economist estimates the arc price elasticity of demand to be -2.5.
Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B
to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable
costs per unit are…
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Practice question: 20
According to the figure above, what is the monopolistic competitor's profit-maximizing output?
Group of answer choices
Q3 units
Q4 units
Q2 units
Q1 units
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Table 1 - San Francisco Bread Company (30 Markets)Demand Price Competitor Advertising IncomeMarket (Q) (P) Price (Px) (Ad) (I)1 596,611 7.62 6.52 200,259 54,8802 596,453 7.29 5.01 204,559 51,7553 599,201 6.66 5.96 206,647 52,9554 572,258 8.01 5.30 207,025 54,3915 558,142 7.53 6.16 207,422 48,4916 627,973 6.51 7.56 216,224 51,2197 593,024 6.20 7.15 217,954 48,6858 565,004 7.28 6.97 220,139 47,2199 596,254 5.96 5.52 220,215 49,77510 652,880 6.42 6.27 220,728 54,93211 596,784 5.94 5.66 226,603 48,09212 657,468 6.47 7.68 228,620 54,92913 519,866 6.99 5.10 230,241 46,05714 612,941 7.72 5.38 232,777 55,23915 621,707 6.46 6.20 237,300 53,97616 597,215 7.31 7.43 238,765 49,57617 617,427 7.36 5.28 241,957 55,45418 572,320 6.19 6.12 251,317 48,48019 602,400 7.95 6.38 254,393 53,24920 575,004 6.34 5.67 255,699 49,69621 667,581 5.54 7.08 262,270 52,60022 569,880 7.89 5.10 275,588 50,47223 644,684 6.76 7.22 277,667 53,40924 605,468 6.39 5.21 277,816 52,66025 599,213 6.42 6.00 279,031 50,46426…
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Sainsbury's-ASDA merger blocked by the regulator (Competition and Markets Authority) (CMA)
1) What type of market or industry are both supermarkets? Justify your answer clearly.
2) Do you think the reasons for a merger between ASDA and Sainsbury mentioned in the news are justifiable?
Why did the supermarkets want to merge?
The deal would have created the UK's biggest supermarket chain, accounting for £1 in every £3 spent on groceries.
Sainsbury's and Asda had said the planned tie-up would have cut their costs, allowing them to lower prices for consumers across the UK.
Analysts also believed it was designed to help the two supermarkets counter the rise of discounters Aldi and Lidl in the increasingly competitive grocery market.
3) The CMA provides economic justifications to the merger block by regulators
in the UK. Do you think the justifications are reasonable?
Why was the CMA concerned?
But the CMA, which had previously raised concerns about the deal, said the merger would lessen…
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Specific Instructions: Identify the factor/s affecting the supply and/or demand for each of the
underlined good or service
Start from an initial equilibrium market condition (see
figure below) and then illustrate the shift/s in the supply and/or demand curve/s
Assume equal magnitude of shift in the supply and demand curves. Label all figures and use an
arrow to show the direction of the shift.
X
Q
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Question 16
Which one of the following statements is correct?
a) Under monopolistic competition, marginal revenue is lower than average revenue.
b) Under monopolistic competition, marginal revenue is equal to average revenue.
c) Under monopolistic competition, marginal revenue is greater than average revenue.
d) Under oligopoly, marginal revenue is equal to average revenue.
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- J Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. NAME DATE CLASS Math Practice for Economics Comparing Prices among Competitors networks Background information: The candy industry in the United States could be defined as an oligopoly because just three companies make 99.4% of snack size chocolates. The big three companies are Hershey's, Mars, and Nestle. All three companies use much of the same ingredients, so how do they compete against one another? This is primarily done through price. Directions: The two tables below show what a snack size chocolate costs from the various candy makers, big and small. Read the table below. Then, answer the following questions using the information in the table. 110 ct bag $18.12 = 16 cents each Walmart Amazon Hershey's 215 ct. bag $13.88 = 6 cents each 100 ct. bag $12.81 = 13 cents each Mars 230 ct. bag $13.88 = 6 cents each Nestle 70 ct. bag $8.98 = 13 cents each 55 pc. Bag $17.96 = 33 cents each Candy…arrow_forwardPrinciples of EconomicsTitle: Market Structure Analysis Objective: The objective of this assignment is to analyze and compare the market structures of a company that fits the definition of a monopoly, a monopolistic competition, and an oligopoly. Students will gain insights into the business strategies, market behavior, and implications for consumers and competition in different market structures. Instructions: 1) Company Selection - Each group should choose one company that clearly fits the definition of either a monopoly, monopolistic competition, or oligopoly. The selected companies can be local or international. 2) Market Structure Identification - Identify and describe the market structure in which each selected company operates. Provide evidence and reasons for classifying the company under the chosen market structure. 3) Characteristics Analysis - For each company, analyze and discuss the characteristics associated with its respective market structure. Consider factors…arrow_forwardQ3 solution needed company: Amazon 1) Choose one product and identify its market structure among a perfectly competitive, monopoly, monopolistically competitive, and oligopoly and explain why. Product: Perfectly competitive: Monopoly: Monopolistically competitive: Oligopoly: 2) Choose one company for your product and describe its history and at least three unique characteristics of that company. The company for my product that I have chosen is ________. _____’s notable historical moments include ________. Three unique characteristics of _______ include _______. 3) Show and describe historical data on its quantities produced (sales), its price, and its revenue at least 10 years.arrow_forward
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- nd QUESTION 1 ication Match each of the terms to their description: esources Market Structure A. many firms sell identical products B. many firms sell similar, but not identical, products C. one firm sells a unique product D. a small number of firms control a market Perfect Competition Monopoly Monopolistic Competition the specific industry conditions that define the type of E. model Oligopolyarrow_forwardQuestion 10 For e-businesses that sell standardized products and services, the more likely business strategy is that of optimization cost leadership differentiation the middle wayarrow_forwardDescription of current market trends, economic environment, competition analysis, target market, consumer insights & behavior analysis, and research problems of cafes after the pandemic. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forward
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