Assume there are 2424 firms in the industry for plasma TV manufacturers. Their m
ID: 1113700 • Letter: A
Question
Assume there are
2424
firms in the industry for plasma TV manufacturers. Their market shares are as follows:
5555%,
1515%,
99%,
2121
each with 1%.
The value of the Herfindahl-Hirschman Index is
nothing.
(Enter your response as an integer.
cartel is
A.
a group of oligopolists who compete in price but not in quality.
B.
an industry that consist of several large firms and one or two smaller ones.
C.
an industry that consists of one large firm and several smaller ones.
D.
a group of oligopolists who make price and output decisions jointly.
One of the models used to describe oligopoly was developed by Cournot. In the Cournot model
A.
there are two firms and each assumes the other may change its price but will not change its output.
B.
there are several firms and each assumes the others will not change their price or output quantity.
C.
there are several firms and each assumes the others will not change their price.
D.
there are two firms and each assumes the other may change its output but will not change its price.
E.
there are two firms and each assumes the other will not change its price or output quantity.
Shown at right is a payoff matrix for a price-cutting decision by Audi and Mazda. Payoff Matrix for Price Cutting Decisions 0 A, Audi does not have a dominant strategy. Don't Cut Price Audi -Cut Price B. Audi's dominant strategy is to not cut price, because $9 million is more than $7 million. C. Audi's dominant strategy is to cut price, because $7 million is more than $6 million $5 milli $6 million and $9 million is more than $5 million. Mazda's dominant strategy is to cut price, because $8 million is greater than $6 million and $10 illion is greater than $7 million O D. E. Mazda does not have a dominant strategy. $6 million $8 millilon $7 million $9 million $7 million$10 million Click to select your answer. RESOURCES Site Ma TEXTBOOK LINKS Return Your Books STUDENT SERVICES Chegg Pla COMPANY LEAR Jobs 25 ( MacBook Pro 0 0Explanation / Answer
value of the Herfindahl-Hirschman Index is
=55^2+15^2+9^2+21*(1^2)
=3352
the above is the answer
we do only one question based on Chegg rule.