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Discussion Question 2:( a) What are the advantages of the Herfindahl index over concentration ratios in measuring the degree of concentration in an industry?( b) What is the disadvantage of both?
DQ3: What is the difference between limit pricing and contestable markets?
Discussion Question 8: In what way does OPEC resemble a cartel? How successful was it?
Problem 1: Find the Herfindahl index for an industry composed of( a) three firms— one with 70 present of the market, and the other two with 20 and 10 percent of the market, respectively;( b) one firm with a 50 percent share of the market and 10 other equal-sized firms;( c) 10 equal-sized firms.
Problem 5: Starting with the reaction functions of duopolists A and B from Problem 4, find the Cournot solution algebraically.
Froeb and McCann ' s Chapter 10: a) Individual problems: 10-4.
Individual problem 10-4: Examine the US passenger airline industry using the Five Forces. Is this an attractive industry? Why or why not?
Salvatore’ s Chapter 11:
Discussion Question 2:( a) What are the advantages of the Herfindahl index over concentration ratios in measuring the degree of concentration in an industry?( b) What is the disadvantage of both?
DQ3: What is the difference between limit pricing and contestable markets?
Discussion Question 8: In what way does OPEC resemble a cartel? How successful was it?
Problem 1: Find the Herfindahl index for an industry composed of( a) three firms— one with 70 present of the market, and the other two with 20 and 10 percent of the market, respectively;( b) one firm with a 50 percent share of the market and 10 other equal-sized firms;( c) 10 equal-sized firms.
Problem 5: Starting with the reaction functions of duopolists A and B from Problem 4, find the Cournot solution algebraically.
Froeb and McCann ' s Chapter 10: a) Individual problems: 10-4.
Individual problem 10-4: Examine the US passenger airline industry using the Five Forces. Is this an attractive industry? Why or why not?