Firm Market Share Nokia 36% Fujitsu 3% Kyocera 3% LG %9 16% Motorola Samsung 6% 4% Sanyo Siemens 7% Sony Ericsson 11% Plus 8 more firms with 1% each
Firm Market Share Nokia 36% Fujitsu 3% Kyocera 3% LG %9 16% Motorola Samsung 6% 4% Sanyo Siemens 7% Sony Ericsson 11% Plus 8 more firms with 1% each
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 18RQ: How do the shareholders who own a company choose the actual company managers?
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Question
100%
1. The information below sets out the estimated market shares for the cellular phone manufacturing market. Based on this information, the four-firm concentration ratio is:
A. 65
B. 68
C. 70
D. 73
2. Based on the concentration ratio in the previous question, the cellular phone market is most likely an example of:
A. Perfect competition
B. Monopoly
C. Monopolistic competition
D. Oligopoly
3. When deciding whether to allow two large firms to merge, which of the following conditions has the government imposed most often?
A. The new firm must lower prices.
B. The new firm must open a new factory.
C. The new firm must hire more workers.
D. The firms must sell off parts of the businesses so the new firm will not be quite as large.
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