If an industry evolves from monopolistic competition

This preview shows page 39 - 41 out of 86 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Applications for the Management, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 13 / Exercise 36
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
113. If an industry evolves from monopolistic competition to oligopoly, we would expect:A. the four-firm concentration ratio to decrease.B. the four-firm concentration ratio to increase.C. the four-firm concentration ratio to remain the same.D. barriers to entry to weaken.Answer: B
Topic: Concentration ratios; Herfindahl IndexLearning Objective: 14-03: Describe the characteristics of oligopoly.Difficulty: 2 MediumBloom’s: Level 2 UnderstandAACSB: Reflective Thinking[Question]114. Interindustry competition means that:
Topic: Concentration ratios; Herfindahl IndexLearning Objective: 14-03: Describe the characteristics of oligopoly.Difficulty: 2 MediumBloom’s: Level 2 UnderstandAACSB: Analytic [Question]115. If you sum the squares of the market shares of each firm in an industry (as measured by percent of industry sales), you are calculating the:
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Applications for the Management, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 13 / Exercise 36
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
Chapter 014 Monopolistic Competition and OligopolyTopic: Concentration ratios; Herfindahl IndexLearning Objective: 14-03: Describe the characteristics of oligopoly.Difficulty: 1 EasyBloom’s: Level 1 RememberAACSB: Analytic [Question]116. The Herfindahl Index:A. measures the prices charged by oligopolistic manufacturers.B. is another name for the four-firm concentration ratio.C. tells us whether oligopolistic firms are engaging in collusion.D. gives much greater weight to larger firms than to smaller firms in an industry.Answer: DTopic: Concentration ratios; Herfindahl IndexLearning Objective: 14-03: Describe the characteristics of oligopoly.Difficulty: 2 MediumBloom’s: Level 2 UnderstandAACSB: Reflective Thinking [Question]117. If the four-firm concentration ratio in an oligopolistic industry is 100 percent and each firm has an equal percentage of sales, the Herfindahl Index is:A. 10,000.B. 2,500.C. 3,750.D. 1,000.Answer: BTopic: Concentration ratios; Herfindahl IndexLearning Objective: 14-03: Describe the characteristics of oligopoly.Difficulty: 2 MediumBloom’s: Level 3 ApplyAACSB: Analytic [Question]

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture