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kvv77 [185]
2 years ago
8

Based on the information given, indicate whether the following industry is best characterized by the model of perfect competitio

n, monopoly, monopolistic competition, or oligopoly.
a. Industry A has a four-firm concentration ratio of 0.005 percent and a Herfindahl-Hirschman index of 75. A representative firm has a Lerner index of 0.45 and a Rothschild index of 0.34.

b. Industry B has a four-firm concentration ratio of 0.0001 percent and Herfindahl-Hirschman index of 55. A representative firm has a Lerner index of 0.0034 and Rothschild index of 0.00023.

c. Industry C has a four-firm concentration ratio of 100 percent and Herfindahl-Hirschman index of 10,000. A representative firm has a Lerner index of 0.4 and Rothschild of 1.0.

d. Industry D has a four-firm concentration ratio of 100 percent and Herfindahl-Hirschman index of 5,573. A representative firm has a Lerner index equal to 0.43 and Rothschild index of 0.76
Business
1 answer:
alina1380 [7]2 years ago
6 0

Answer:

a- monopolistic competition

b- perfect competition

c- monopoly

d- oligopoly

Explanation:

Industry A is a monopolistically competitive industry

Industry B is a perfectly competitive industry

Industry C is a monopoly industry

Industry D is an oligopoly industry

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If the U.K. exports 14 billion British Pounds of​ products, and imports 10 billion British pounds of​ products, its trade balanc
rodikova [14]

Answer:

D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.

Export is the sending out of goods to a foreign country. That is the selling of goods to another country.

Trade balance= Export- Import

=14 billion British pounds- 10 billion British pounds

=4 billion British pounds

The trade balance that occurs here is surplus trade balance where export is more than import.

5 0
2 years ago
Sam buys fuel for his construction vehicles from the local distributer. He uses 8,500 gallons a month. The local distributor cha
3241004551 [841]

Answer:

He should order 681.66 gallons to minimize the cost, but he have a 500 gallon tank he can fill, so he will order 500 gallons every time, to minimize the cost.

Explanation:

According to the given data we have the following:

h = handling cost per unit = $ 9

S = Ordering cost per order = $20.5

He uses 8,500 gallons a month, therefore, the annual demand D= 8,500*12 = 102,000 gallons .

Therefore, the optimal ordering quantity would be= [ (2*D*S) / h ]1/2

                                                                                   =681.66 units

He should order 681.66 gallons to minimize the cost, but he have a 500 gallon tank he can fill, so he will order 500 gallons every time, to minimize the cost.

3 0
2 years ago
If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. For each of the following
PilotLPTM [1.2K]

Answer:

a. Is answered

b. The amount realized increases.

As the mortgage is assumed by the buyer, the seller is now free of the debt in addition to making cash from selling. Realized value therefore increases.

c. The amount realized decreases.

As the mortgage is assumed by the seller, they will have to pay off the mortgage from the cash received therefore their realized value decreases.

d. Amount realized increases.

As the buyer is gets the property subject to the mortgage, they will be the ones making the mortgage payments instead of the seller so the seller's realized value will increase.

e. Realized value increases to $10,000.

The seller accepted the stock so the fair value will be the amount considered for the realized value.

3 0
3 years ago
If the current price of a product is above the market equilibrium​ price, there is​ ________ of this product.
lana [24]

Answer:

Excess supply

Explanation:

Equilibrium price is the price where the demand curve equals the supply curve.

When price is above the equilibrium price, quantity supplied increases.

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If price is below the equilibrium price, there would be excess demand.

I hope my answer helps you

5 0
2 years ago
How do you get money
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Having a job, and working well, you will earn efficient money. There are also other ways like birthdays and christmas and etc.
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