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u2 ECON224 - Concentration Ratios ECON224 Unit 2 IP Cheri...

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Concentration Ratios ECON224- Unit 2 IP Cheri Bolin July 27, 2011 Abstract In our Unit 2 IP assignment we were given two scenarios; Industry A and Industry B, both have 20 firms but A has a CR of 30% and B has a CR of 80%. I must find what type of market structure both belong to out of the four major market structures which are; monopoly, oligopoly, monopolistic competitive and perfect competitive.
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Concentration Ratios The economy’s industry structure is measured by calculating the four- firm concentration ratio (CR). The four types of market structures are; a monopoly, an oligopoly, monopolistic competitive and a perfect competitive market structure. My research, for Industry A which has 20 firms and a CR of 30%, shows this type of industry has a low concentration and is a monopolistic competitive market structure. The industry has many firms within its market structure. Monopolistic competitive firms produce products and services with relatively the same purpose but they aren’t exactly alike. My research for Industry B which has 20 firms and a CR of 80% indicates this type of
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