Answer to Question #53817 in Other Management for sepgdm
Q. Forey, Inc., Competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered this industry and, as consequences, Forey is earning a return on investment that roughly equals the interest rates. Furthermore, the four-firm concentration ratio and Herfindahl Hirschman index are both quite small. Based on this information, which market structure best characterizes the industry in which Forey competes? Explain the features this market structure and what happens to the company’s profit in the short-run and long-run ?
There are certain things that people in the business world frown upon. Things like lows in the economy, housing crisis,…
APPROVED BY CLIENTS
Most quizes have a couple wrong, but nothing that I cant fix. I have a hectic schedule, so the help I have recieved on here has been much needed and greatly appreciated. Prices vary but overall have been fair. I would definitely recommend to others, whether it's not having the time or you don't know the subject very well this has really made a difference.