Formula: CR4= Σ4i=1 si Calculation: (11‚834‚883 + 3‚845‚900 + 3‚696‚800 + 3‚650‚647) / 44‚582‚621 = 0.5165292996 = 0.516 (3dp) =51% Analysis: As the four firm concentration ratio is >50% this insinuates that this market structure is that of an oligopoly. Calculating the Herfindahl-Hirschman Index (HHI) Definition: The HHI is a concentration measure based on the sum of the squared market shares of all the firms in the industry. Formula: Calculation: 0.1085 (4dp) Analysis:
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PROSIDING PERKEM VI‚ JILID 1 (2011) 546 – 560 ISSN: 2231-962X Review of Malaysian Retail Banking Market: An Industrial Organizational Perspective Nafisah Mohammed (nafisah@ukm.my) Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia Suhaila Abdul Jalil ( suhaila@upm.edu.my) Jabatan Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Putra Malaysia ABSTRACT The attempt of this paper is to analyze the Malaysian retail banking market within structure-conductperformance
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main barriers to entry are: * Economies of scale/ high fixed costs * Experience and learning * Access to supply and distribution channels * Government restrictions (licensing) LOW: in football equipment sector‚ main brands (Adidas‚ Nike and Puma) have strong position. They spent lot of money in sponsoring to win market shares. * Threat of substitutes
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MARKET STRUCTURES What is a Market structure? In economics Market structure is the way the market is organized ‚ based largely on the number of firms in the industry‚ number of buyers and levels of competition ‚ for example Monopoly‚ oligopoly ‚ Perfect Competition. Monopolistic competition is the market structure is the market structure I am going to base this assignment on. Monopolistic Competition Monopolistic Competition is a type of imperfect competition such that producers
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one company with little competition. At the other end of the spectrum you have perfect competition‚ where the market is made up of about 100 small companies who would own about 1% of the market each. Towards the middle of the spectrum you have the oligopoly structure where the market is of about 4-10 companies who each control a big chunk each. Perfect competition describes how a set of companies aren’t big enough to control a big chunk of the economic market. There are 4 market characteristics of
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reduce their price? Oligopolists sometimes engage in price competition when other attempts to gain market share fail. The result is lower prices‚ increased output‚ and smaller profits. Since price competition is typically self-defeating in an oligopoly‚ rival firms usually attempt to differentiate their product to gain market share. 3. Dominos and Pizza Hut hold 66 percent of the delivered-pizza market. Should antitrust action be taken? Dominos-Pizza Hut merger resulted in a HHI value greater
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Calculate the 3 firm concentration ratio of this market. 3 firm concentration ratio = __________________________________________________________ This means: A highly concentrated market is a market which is dominated by a small number of firms (oligopoly) We say a market becomes more highly concentrated as fewer firms dominate a larger share of the market The Impact of Increased Concentration You need to be familiar with impact of increased market concentration on a market‚ and that this can be
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Candidate Name: Jutadhaj Visudhipol Candidate Number: 000964-082 School Name: Geelong Grammar School School Code: 0964 Examination Session: November 2011 Submission Date: 3 June 2011 Extended Essay (Economic) Research Question: To what extent does the competition in the domestic low-cost airlines industry of Thailand reflect price versus non-price factors? ABSTRACT WORD COUNT: 270 ESSAY WORD COUNT: 3847 SUPERVISOR’S NAME: Mr. Justin Kristiansen Abstract In the domestic low-cost airlines
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collected from the newspaper article and other research done on the topic. Findings from the research‚ coupled with economic theory have given a analytic view of the beer industry. Results from the research show that the Australian beer industry is an oligopoly with possible significant changes to take place in the near future. The report shows governmental‚ market and economic impacts faced by the market now and into the future. Foster’s group is faced with some important decisions about the
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One possible application of Game Theory is in advertising. Advertising involves the promotion of products so as to show the product to a greater number of people. The goal of advertising is to make more people aware of a company’s product so t hat more people would avail of this product or service‚ and this would mean more revenues for the company. One way that American Eagle Outfitters can approach this goal is to expand the current market of consumers. This will need directing promotional activities
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