Oligopolies & Monopolistic Competition

Sigchi4life
Category:
Economics
Price: $5 USD

Question description

http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_31SR12&prodType=table

Using data from the 2007 Census for manufacturing, provided in the link above. 1) Find the four-firm concentration ratios for the following industries: fluid milk (311511); women's and girl's cut and sew dresses (315233); envelopes (322232); electronic computers (334111).

2) Using the above data:

a) Which industries are highly competitive?

b) Which industries have low levels of competition?

c) Which industries qualify as oligopolies?

3) Give four names (the proper noun name) of some companies that operate in the industries above that qualify as oligopolies?


Tutor Answer

(Top Tutor) Daniel C.
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School: Carnegie Mellon University
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