We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet


Comments (0)
Micro Portfolio Task Part 1: (a) The Concentration Ratio (CR) for a particular industry helps to provide the value of market concentration in an industry. This is basically the sum of output produced by a particular group of large firms. CRm= ?mi=1; si. Si is considered to be the market share and the m is the firm’s number…
Download full paper
Read TextPreview

Extract of sample

Download file to see previous pages... The six large producers have equal share of market demand and they have successfully threatened the entry of other firms in the industry. According to the viewpoint of the researcher, the firms in the above market are in an Oligopolistic market structure. In this type of a market structure, there are two to ten sellers in the industry. The price and output decisions undertaken by each firm is on the basis of strategic behaviour. In this type of a market structure, each of the above six firms have the power to influence the market demand. This means that each firm undertakes the decision about the prices and the quantity of output to be produced on the basis of the assumption of the business decisions undertaken by the other potential rivals in the market. However, it would be interesting to note that degree competition in the above mentioned Oligopolistic market is zero. The six large firms in the above case are enjoying equal market share and hence, equal profit. This means that the firms have undertaken the decision of Cartel in the Oligopolistic market structure. ...
However, on the whole, the market demand curve is downward (Manne, 2012). Figure 1: Profit of Each Firm (Source: McEachern, 2012) The above graph shows the equal profit shared by each of the firm. Cartel in the Oligopolistic market structure which occurs when the nature of the product sold by each of the firm is less differentiated. In the above case, all the firms are engaged in the production of less differentiated cereals. The Herfindahl index is the index that measures the size of each of the firms in a particular industry and comments on the level of existing competition in there. It is calculated by the sum of the squares of the market shares by each of the firm in the industry. An increase in the value of the index indicates a fall in the level of competition on the industry and a rise in the level of market power. The value of Herfindahl index for the above concerned case: Where, N= number of firms on total. So, i = 1 to 16 (6 large and 10 small). S =market share of each firm. H= (0.152+0.152+0.152+0.152+0.152+0.152) + (0.012+0.012+0.012+0.012+0.012+0.012+0.012+0.012+0.012+0.012) = 0.136 (13.6%) The value of the Herfindahl index for the above market (13.6) indicates a high degree of market concentration among the six large firms. Under such a situation if the market shares of any of the six large firms decrease or increase then the value of the index would be increasing substantially. This is the reason for which the firms in the industry have adopted the decision of Cartel in the market (Riley, 2012). (c) It has been analyzed that the level of concentration among the firms in the above industry is high. Only six firms in the industry have occupied about 90% of the aggregate market share. On ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Property law learning portfolio task( about equity and transfer of property)
The case is drawn on the premise that Glencore International A.G. and its associates sued MTII to claim their title to oil, which had remained in MTII’s storage facility long after its collapse. This legal case is important for this task because it reveals the applications of the Common Law and other interrelated laws that are necessary in the maintenance of equality in the transfers of the oil title which Glencore International A.G.
6 Pages(1500 words)Essay
I have done internships in two companies of high repute. As a career objective I wish to work in an environment where I can enhance my skills and knowledge along with productive application of the knowledge. I have intense interest in programming and technical courses and I have conducted around two workshops and one seminar myself in the university where more than 200 students attended.
8 Pages(2000 words)Essay
I am ready and willing to handle complex challenging tasks and I am industrious towards achieving my objectives or the objectives of the organisation. PERSONAL DETAILS: Full names : Date of birth: Sex: Marital status: Languages: Email: Postal Address: Cell phone: Nationality: CAREER OBJECTIVES: *************** *************** **** Single English, *** ********** ** ********* ************ To work in a dynamic environment with the prospects for professional progress, and opportunity to overcome the organisation’s challenges and use my skills and my abilities to the fullest extent so as to realise the organisation’s mission and vision To be a team player and effectively work in a multicultur
8 Pages(2000 words)Essay
Portfolio task Human Resource Management
Among the services offered by the humanitarian group was free medical aid targeting all illness except the diagnosis of terminally illnesses, offering counseling services to victims of social injustices, education facilities such as schools and library services.
20 Pages(5000 words)Essay
Assessment brief for portfolio task 2 Assessment Brief/ Task The second task is linked to learning outcome 2. You are require
It has been stated that the increase in the global capital movement is primarily due to the augmented integration of the global financial markets. Correspondingly, countries across the world experience capital flows for various reasons. Capital flows are accredited to be the prime factor in the development of the modern day economies by eliminating constraints associated with resources and facilitating technology transfer.
12 Pages(3000 words)Essay
One writes research paper others develop new tools, and others look into new virus properties. This is done on a rotational basis because of the work teams having to work from different geographical locations thus when one team is resting the other
1 Pages(250 words)Essay
Your Personal tutor will be interested to know what action have you implimented to improve your English and your study skills, and may have useful comments to make. IN THIS PART YOU HAVE TO TALK ABOUT THEHIGHLIGHTED
12 Pages(3000 words)Essay
The statement succeeds in hazard identification as it identifies both health concern and pathogen that causes the concern. This is because an established
2 Pages(500 words)Essay
Year 8 - Portfolio Task - FILM REVIEW
Indeed, this is a very successful film because it is a product of quality production. First, it features a lot of reputable and distinguished actors and actresses such as Paul
2 Pages(500 words)Movie Review
Year 8-Text in Context: Holocaust Study. (Portfolio Task 1)
This paper discusses the theme of survival, friendship and war. Different language techniques have been used in this book to bring out these themes. For instance, the author has chosen to use paradox to show the theme of survival. Paradox is
3 Pages(750 words)Essay
Let us find you another Essay on topic MICRO PORTFOLIO TASK for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us