Saturday
July 26, 2014

Homework Help: Macroeconomics

Posted by Need Help on Saturday, November 20, 2010 at 10:45am.

You want to start a company, and are trying to decide between two different industries. You are doing your final research before you write your business plan.

Industry A has 20 firms and a Concentration Ratio (CR) of 20%

* What is the name for this type of industry?
*
Describe some of this industry's characteristics.
*
If you were in this industry and there was an increased demand for the product that pushed up the price of goods, what long-run adjustments would you expect?
*
What does your anticipated adjustment process imply about the CR for the industry?

Industry B has 20 firms and a Concentration Ratio (CR) of 85%.

*
What is the name for this type of industry?
*
Describe some of this industry's characteristics.
*
What are some reasons why this industry has a high CR while Industry A had a low CR?
*
Is it possible for smaller firms to thrive and profit in Industry B? Why or why not?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Macroeconomics - I need help with my assignment. You want to start a company, ...
Economics - You want to start a company, and are trying to decide between two ...
Economics - You want to start a company, and are trying to decide between two ...
Macroeconomics - You want to start a company and are trying to decide between ...
Business Statistics - 1- When the necessary conditions are met, a two-tail test...
accounting - 2. Final Project: Business Plan Resources: Appendix A Due Date: ...
Class choices!! - What are macroeconomics and microeconomics and what is the ...
Business Plan - I am in need of some help in writing a business plan for a ...
englis - 8. Which of the following options accurately represents the steps ...
accounting 220 - Final Project: Final Project Resources: Appendix A Due Date...

Search
Members