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

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
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
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/10/2011 for the course ECON 224 taught by Professor Morales during the Spring '11 term at AIU Online.

Page1 / 4

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

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online