Answered: Firm Market Share Nokia 36% Fujitsu 3%…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 18RQ: How do the shareholders who own a company choose the actual company managers?

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100%

1. The information below sets out the estimated market shares for the cellular phone manufacturing market. Based on this information, the four-firm concentration ratio is: A. 65 B. 68 C. 70 D. 73 2. Based on the concentration ratio in the previous question, the cellular phone market is most likely an example of: A. Perfect competition B. Monopoly C. Monopolistic competition D. Oligopoly 3. When deciding whether to allow two large firms to merge, which of the following conditions has the government imposed most often? A. The new firm must lower prices. B. The new firm must open a new factory. C. The new firm must hire more workers. D. The firms must sell off parts of the businesses so the new firm will not be quite as large.

Firm
Market Share
Nokia
36%
Fujitsu
Куосera
LG
Motorola
Samsung
Sanyo
Siemens
3%
3%
6%
16%
6%
4%
7%
Sony Ericsson
11%
Plus 8 more firms with 1% each

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