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Concentration Ratios Essay

  • Submitted by: usami97
  • on January 26, 2013
  • Category: Miscellaneous
  • Length: 943 words

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Below is an essay on "Concentration Ratios" from Anti Essays, your source for research papers, essays, and term paper examples.

A Paper on Concentration Ratios
ECO 204 Principles of Microeconomics

Economics uses concentration ratios to determine whether firms in a given industry are oligopolies. This research aims at determining oligopoly using the concentration ratio in the following four industries in the United States which are fluid milk; women’s and girls cut and sew dresses, envelopes and electronic computers. Using statistics from the US census bureau, economic census (2007), I will able to answer the following questions;
  1. Find the four-firm concentration ratios for the following industries: fluid milk (311511), women's and girl’s cut & sew dresses (315233), envelopes (322232), and electronic computers (334111).
  2. Assess the level of competition for each of the four industries.
  3. Define oligopolies and identify which of the listed industries qualify as oligopolies.
  4. Describe why these industries qualify as oligopolies and identify some of the firms that operate in the listed industries.
  5. Discuss whether or not oligopolies are always bad for society, using examples from the firms you described.
According   to   the   US census   bureau, economic   census (2007), the   four   firm   concentration   ratio of: Fluid milk (311511) has a concentration ratio of 51.6%, Women's and   girl's cut & sew dresses(315233) has a concentration ratio of 25.4%, Envelopes (322232), has a concentration ratio of 55%, and Electronic computers (334111), has a concentration ratio of 89.5%.  
According to the US census bureau, economic census (2007), Women’s and girl's cut   &   sew dresses (315233), which has a concentration ratio of   25.4%   has high competition because   the 4 largest companies control only a small portion or less than a quarter   of   the   market. Hence they don’t have that much big influence over the market the market as a whole.
Also according to the same data Fluid milk (311511), Envelopes (322232)   and   Electronic   computers (334111), which   has...

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"Concentration Ratios". Anti Essays. 13 Dec. 2018


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