Oligopolies

What is Oligopolies? Oligopolies ar a small number of tautens, that be independently large enough to have an impact on the dish out price of its outputs (Case, Fair, Oster, 2009). It is a market that can be manage scarcely by a few firms, and they have bum around all oer of the market. The auto industry can be considered an Oligopoly. in that respect be the types of cars that are more expensive, and there are types of cars that are not as expensive. each company has arrest of what their prices can be. Each auto company offers different types of makes and models. There are umpteen competitors, but a few that it is dominated by are Ford, Toyota, and General Motors. According to the U.S. Census bureau the quadruplet-spot firm concent dimensionn symmetry for fluid milk (311511) is 0.46. For Womens and flops cut & sew dresses (315233) it is 0.281. For envelopes (322232) it is 0.576. For electronic computers (334111) it is 0.859 (U.S. Census Bur eau, 2007). dumbness proportion is the share of industry output in primitive revenue or employment accounted for by the top firms (Case, Fair, Oster, 2009). It is the pointedness to where performance or output is dominated by only a few large firms. Four firm engrossment ratio measures the per centumage of market share is controlled by the top quatern companies in the selective industry.

If the quatern firm concentration ratio is great than 40 share that market would be considered and oligopoly. If the four firm concentration ratio is less than 40 percent that market would be competitive (Case, Fair, Oster, 2009). The co ncentration ratio of womens and girls cut & ! sew dresses is 28.1 percent. Since this is less than 40 percent it would be considered competitive. Electronic computers, envelopes, and fluid milk are all over 40 percent. Since they are over 40 percent they would be oligopoly. What the four firm concentration ratio measure is the affair of the market. If the four firm concentration ratio is over 40 percent that industry would be an oligopoly. The...If you want to get a full essay, order it on our website: BestEssayCheap.com

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