ch dev middle childhood video learning reflection
June 28, 2020
World Christian class summary
June 28, 2020

Personal Computer Industry Market Shares

Assume the following correctly shows the market shares of the five firms in the market: Firm Market Share ———- ——————— Dell 50% HP 30% Gateway 9% Toshiba 6% Apple 5% ——- 100%

Refer to Figure 3-5, above. What is the market concentration index and what type of market structure is this industry?

The market concentration ratio is 80 and the market type is perfect competition.

The market concentration ratio is 89 and the market type is monopolistic competition.

The market concentration ratio is 95 and the market type is oligopoly.

The market concentration ratio is 2,500 and the market type is monopolistic competition.

The market concentration ratio is 80 and the market type is oligopoly.

The following is true for an oligopoly

There are many sellers and many buyers.

There are few firms producing one type of product.

There is one firm producing one product.

There are few firms producing many types of products.

There are many firms producing type one product.

Which of the following is true of the cost of production under the rule of “ceteris paribus?”

I.a firm produces goods by combining land, labor, natural resources and entrepreneurship.
II. In the short run at least one factor of production is fixed.
III. When one factor of production is fixed, the firm will experience marginal diminishing returns.
IV. With good management, all costs of production can be controlled and the firm will always experience long run profits.

IV only

I only

II and III

II and IV

I, II and IV

I, II and III

 

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Personal Computer Industry Market Shares Assume the following correctly shows the market shares of t was first posted on June 28, 2020 at 5:48 am.
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