The table below provides the break-down of the market share from several brands different nutrition bar in 3 separate regions. In the Region UMCP, market shares of brand HS, SH, FE, GW are 50%, 40%, 10%, 0%, respectively. Compare degree of market concentration for each region from calculating the Herfindahl-Hirschman Index.
There are 2 units of the Index: (from 0 to 1 vs from 0 to 10000). If the range is from 0 to 10,000, HHI is calculated by the percentage of the market share. If the range is from 0 to 1, calculate it by the fraction of the market share. There is a market that Brand A shares( 0.3= 30%) and Brand B shares (0.7=70%), the HHI is either 0.3×0.3 + 0.7×0.7 = 0.09+0.49= 0.58, or 30×30 + 70×70 = 5800.
(1) Calculate the HHI for each of the separate Regions.
(2) Compare the degrees of market concentration among the regions. (Order the degree of concentration or the degree of competition)
(3) What is the market structure of nutrition bar seen at Region UMES?
(Select 1 of the following and explain: Perfect competition, monopolistic competition, oligopoly, monopoly, monopsony
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more