Suppose we have two markets, A and B, each consisting of seven firms. The market shares of the 5 largest firms (ordered by market share) are shown in the table below.
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- Market Share (% Suppose that the table shows market share data for all of the Restaurant sushi restaurants in town Ahi Sushi 45 25 Shizuoka Calculate the Herfindahl-Hirschman index (HHI) for the local sushi market. Yoshinos 15 Ono Sushi 10 Arigato НHI:The table below shows recent worldwide market shares of producers of inkjet printers: Firm Brother Canon Dell Share of Worldwide Market Sales 4% 16 5 19 41 13 Epson Hewlett-Packard Lexmark Samsung Other 1 The value of the Herfindahl-Hirschman index for the industry is. (Enter your response as a whole number.)What is the approximate value of Annie’s brand/store compared to Sam’s for an otherwise equal apple tree? What is the estimate for market share for Annie if she sells Gal Apple Trees at $15.95 vs. Sam selling golden Delicious trees at $24.95.?
- Blinky Gold Mines makes an unexpected announcement regarding gold production at 2pm, but the general manager let slip the information to his investment broker when they met for coffee at 10 in the morning. Shares of the company were traded at 12pm, 2.10pm, 2.30pm and 4pm. If the market for Blinky Gold Mines’ shares is semi-strong form efficient (i.e strong-form inefficient) then the share price established at which trade will fully reflect the new information? 2.30 pm 4 pm 2.10 pm 12 pmTwo competing companies, A and B face the same unit cost of a product that is fixed and equal to 15 monetary units. The demand function for company A's product is Pa=65-2.5Qa and for B's product is Pb=60-2Qb.Calculate the Lerner index at the equilibrium position of each company. Comparing the index you found for company A with the index you found for company B what is found? If there is a difference between them, explain why it is due.Four companies (Firm 1, 2, 3 and 4) are producing a product for the market. Each company will decide the number of products produced. You are given that • . Each firm can choose its qi. Given the quantites produced by four companies (denoted by 91, 92, 93, 94 respectively), the market price of the product is P = 400 - 91-92-93 - 94. Cost of producing one product is 20 (*Note: So the total cost for producing qi units of product is 20qi. Firm 1 and Firm 2 will first decide the quantities produced simultaneously at the beginning. After knowing 91 and 92, Firm 3 and Firm 4 will decide the quantities produced simultaneously. (a) State the strategic profiles of each firm. (b) Find all possible subgame perfect equilibrium for this games. Provide full justification to your answer.
- How may incumbent firms benefit from advertising and product proliferation to reduce competition and sustain long term profits? Use relevant economic graphs to support your analysis. Require about 200-400 words.Market shares of mat makers are in the table below. Firm Market Share (Percent) Made-to-last, Inc 20 Big Wheel, Inc 17 Magic Carpet, Inc 22 Supreme, Inc 17 Copra, Inc 24 1. Calculate the Herfindahl-Hirschman IndexYou are an analyst for De Boers, the monopoly producer of diamonds. You are given the following market information: P = -4Qp + 76 P = 8Qs + 10 %3D TC = 40 + 15Q² MC = 30Q %3D %3D
- (a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl- Hirschman index of 2,765. Case's share of that market was 22 percent, while Fiat comprised just 12 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?9- Following table presents the quarterly market share of Tasty Food Company; Quarter Firm's Actual Market Share 1 20 22 3 23 4 24 5 18 23 7 19 8 17 22 10 23 11 18 12 23 13 ? a) Forecast the company's market share for the 13th quarter by exponential smoothing with w=0.3. b) Calculate the Root-Mean Square Error (RMSE) for the exponential forecast using w=0.3. c) If the RMSE for the exponential forecast using w=0.5 is 2.91 then compare which forecasts is better and why?Industry A has five firms with market shares as follows: 50, 20,10,10,10 industry B has five firms with markets share as follows: 25. 25, 25, 15, 10 Questions: a) Calculate the CR-4 for industry A and B b) What is the value of n for Industry A and B? Please ASAP