MC Qu. 14-35 (Algo) If the four-firm concentration ratio... If the four-firm concentration ratio in an oligopolistic ten-firm industry is 40 percent, and each firm has an equal percentage of sales, the Herfindahl index is Multiple Choice 400. 4,000. 1,000.
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- Q61 Tha use of cannabis was legalized in Canada in 2017. Assume that the Canadian cannabis sector is an oligopoly producing differentiated products, for example marijuana cigarettes with different levels of THC, the active ingredient. If the four-firm concentration ratio in an oligopolistic ten-firm industry is 40 percent, and each firm has an equal percentage of sales, the Herfindahl index is Multiple Choice 400. 2,000. 800. 4,000. 1,000.Q98 An ineffective means of discouraging the entry of new firms by existing firms in an oligopolistic industry is... a. Spending heavily on advertising. b. Carrying out industrial sabotage. c. Seeking greater patent protection. d. Producing a wide range of brands of their products. e. Raising their prices.2. During your next trip to the supermarket (or you may need to make a special trip) find two examples of different goods for which the market is oligopolistic. Make certain that you have chosen a âgoodâ and not a brand name. Remember that several brand names compete in a market. List all the brand names (or at least four brands if there are dozens) and the parent company for each brand name (check the package carefully so that you donât confuse brand names with the actual producer.) For each good, what is your evidence that this market is oligopolistic? (number of producers; shelf space give to each one; identical pricing.)
- The graph below shows a demand curve for a firm operating in an oligopolistic market. Kinked Demand Price 100 90 80 70 MC 60 50 40 30 20 10 MR D 10 20 30 40 60 70 80 90 100 Quantity Compared to a price of $75, at a price of $60 demand is O relatively more elastic. O relatively more inelastic. O perfectly elastic. O perfectly inelastic.Q98 An ineffective means of discouraging the entry of new firms by existing firms in an oligopolistic industry is... a. Spending heavily on advertising. b. Carrying out industrial sabotage. c. Seeking greater patent protection. d. Producing a wide range of brands of their products. e. Raising their prices. Clear my choice8.1. 8.2. What is third-degree price discrimination? Describe the basis for the Stackelberg oligopolistic model.
- The graph below shows a demand curve for a firm operating in an oligopolistic market. Kinked Demand Price 100 90 80 70 60 50 40 30 20 10 0 MR Quantity D 10 20 30 40 50 60 70 80 90 100 MC O relatively more elastic. O relatively more inelastic. O perfectly elastic. O perfectly inelastic. Compared to a price of $75, at a price of $60 demand is OSUB-SECTION B2 13 Electra and Luminux are the only two firms who provide electricity in a local market as a Cournot duopoly. The electricity provided by the two firms is identical and consumers are indifferent about which firm they will purchase electricity from. The market inverse demand for electricity is P = 100 - 2Q, where is the aggregate quantity of electricity produced by the two firms, qe qL. Electra has a marginal cost of 12, while Luminux has a marginal cost of 20. Assume that neither firm has any fixed costs. (a) Determine each firm's reaction curve and graph it. How much electricity will each firm produce in a Cournot equilib- rium? (c) What will the market price for electricity be? How much profit does each firm make? (e) Suppose now that the two firms move sequentially with one of them acting as a Stackelberg leader. Do you expect the outcome to the closer to perfect competition when Electra, or when Luminux, moves first? Explain your answer.Efforts of oligopolistic firms to impact the demand for their product (other than price) are called non-price determinants of demand. Detail five (5) non-price determinants of demand, and with reference to the price elasticity of demand, explain those non-price determinants.
- Consider an oligopolistic industry with N competing firms. Suppose that these firms have no fixed costs and that they all have the same marginal costs. Each firm must choose what quantity to produce independently of each other, and all firms must choose at the same time. If we increase the number of firms in this industry (to for example N+1), the market price a.increases b.decreases c.remains unchanged d.becomes nil e.none of the aboveConsider an oligopolistic industry with N competing firms. Suppose that these firms have no fixed costs and that they all have the same marginal costs. Each firm must choose what quantity to produce independently of each other, and all firms must choose at the same time. If we decrease the number of firms in this industry (to, for example N−1), the market price Group of answer choices A. increases B. decreases C. remains unchanged D. becomes nil E. none of the aboveHow do i draw a kinked demandcurve to represent Tesco's success inan oligopolistic market