ECO204: Principles of Microeconomics
Professor Phelicia Price
August 12, 2012
Using Concentration Ratios to Determine Oligopoly Markets
An Oligopoly is A form of industry (market) construction characterized by a few dominant firms, Products may be homogenous or differentiated. (Case, Fair & Oster 2009 pg. 283). As we have been poring over micro economics we have been learning about the redundant market with the perfect competition, the oligopoly and the monopoly. By utilizing the census bureau for the size of the competitive market and the percentage of the market controlled by the chair four competitors the market structure can be evaluated.
|NAICS | fabrication and company size |Companies |Total |Herfindahl_ |
|code | | |value of |Hirschman |
| | | |shipments | superpower for |
| | | |(percent) |50 largest |
| | | | |companies |
|311511 |Fluid milk manufacturing | | | |
| |All Companies |315 |100 | |
| |4 largest companies | |42.6 | |
| |8 largest companies | |53.6 | |
| |20 largest companies...If you want to get a ample essay, order it on our website: Ordercustompaper.com
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