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Macroeconomics

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I need help with my assignment. 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 30%

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 80%.
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?

  • Macroeconomics - ,

    Industry A 20 firms with concentration ratio of 30% is monopolistic competitive.

    Industry B 20 firms with concentration of 80% is an oligopoly.

  • Macroeconomics - ,

    I need help with this you are start a company and are trying to decide between two diffrent industries. You are doing your final research before youw write your business plan

    INDUSTRY A HAS 20 FIRMS AND A CONCENTRATION RATIO (CR) OF 30%
    1.WHAT IS THE NAME FOR THIS TYPE OF INDUSTRY?
    2.DESCRIBE SOME OF THE INDUSTRYS CHARACTERISTICS.
    3.IF YOU WERE IN THIS IDUSTRY AND THERE WAS ON INCREASED DEMAND FOR THE PRODUVT THAT PUSHED UP THE PRICE OF GOOD. WHAT LONG-RUN ADJUSTMENT WOULD YOU EXPECT
    4.WHAT DOES YOUR ANTICIPATED ADJUCTMENT PROCESS IMPLY ABOUT THE CR FOR THE INDUSTRY?
    5. WHATTHE NAME FOR THETYPE OF INDUSTRY/?
    6.SESCRIBE SOME OF THE INDUSTRY'S CHARATERISTICS?
    7.0WHAT ARE SOME REASONS WHY THE INDUSTRY HAS A HIGH CR WHILE INDUSTRY A HAD A LOW CR
    7.IS IT POSSIBLE FOR SMALLER FIRMS TO THRIVE AND PROFITS IN INDUSTRY B? WHT OR WHY NOT

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