For the 5 firms competing in the medical tele tracking industry, Firm X occupies

Question

For the 5 firms competing in the medical tele tracking industry, Firm X occupies 11% of the industry, Firm Y has $1 million in revenues, Firm Z has 13% share and Firm V has $2 million in revenues. Firm U occupies 16%. If total revenues = $5 million determine:

a.       Shares of Firms Y and V

b.      Total industry revenue

c.       Revenues of Firms X, Z, and U

d.      HH Index

2. On the R-S model where is the area of partial insurance? Explain why it is located in this area?

3.

Describe all the possible utility relationships (greater, equal, less) among all types of policy comparisons

a.       Fair and full vs. fair and partial

b.      Fair and full vs. unfair and full

c.       Fair and full vs. unfair and partial

d.      Fair and partial vs. unfair and full

                                          e.       Fair and partial vs. unfair and partial

                                           f. Unfair and full vs. unfair and partial

Explanation / Answer

a.       Shares of Firms Y and V 20% and 40% respectively

b.      Total industry revenue $ 5 Million

c.       Revenues of Firms X, Z, and U $.55 million, $.65 million and $.8 million

d.      HH Index 2546

.

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects