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DiKsa [7]
3 years ago
9

Marketing is non-paid promotional communication presented by the media True False

Business
1 answer:
Svetach [21]3 years ago
3 0

true i the correct answer

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Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the o
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Briefly explain 3 arguments for and 3 against a national minimum wage.​
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FOR:

  • increased income for workers
  • more workers attracted to the workforce
  • less strain on federal resources for those in poverty

Against

  • more costly for businesses
  • possible unemployment due to job automation
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Here are some basic arguments. You will need to explain these a bit more for your assignment though.

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here are seven firms in the automobile industry. The market shares of the firms are 34​ percent, 21​ percent, 17​ percent, 9​ pe
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Answer:

The answer is  "Option 4".

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The Herfindahl-Hirschman Index formula:

HHI=s_{12} + s_{22}  + s_{32} + s_{42} +........ + s_{n2}

here sn is the firm n's share of the market proportion represented the society in general number instead of a decimal

Index Herfindahl-Hirschman:

= (34)^2 + (21)^2 + (17)^2 + 92 + 82 + 62 + 52\\\\= 1156 + 441 + 289 + 81 + 64 + 36 + 25\\\\= 2092

Index Herfindahl-Hirschman(Result of the merger, firms with profit margins of 6% and 5% provided market shares of respectively).

= (34)^2 + (21)^2 + (17)^2 + 92 + 82 + 112\\\\= 1156 + 441 + 289 + 81 + 64 + 36 + 121\\\\= 2188

The market with just an HHI of less than 1,500 is called a competitive industry, one on an HHI of 1,500 to 2,500 is called a moderately competitive store, and one on an HHI of 2,500 or higher is considered a highly potent store by us Justice department.

All businesses operate in a moderately crowded market, as well as a merger such as this reduces competition (increases chances of monopoly). Also as result, the Justice Dept may examine its merger but will most likely deny this because the Herfindahl-Hirschman index has risen.

8 0
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