Manufacturing Industry Evaluation

Manufacturing Industry rating ECO 204 Principles of Microeconomics Instructor: Greg Kropkowski March 18, 2012 Manufacturing Industry Evaluation We atomic number 18 breathing out to be looking at 4 manufacturing firms, peregrine milk, womens and daughters and sews dresses, envelopes and electronic computers, and accessing the level of competition, and clarifying if these firms modify as oligopolies. The paper will end with discussing whether or not oligopolies argon bad for society. We will be looking at ducking ratios of each of the industries above. In economics, concentration ratios are a beak of total output produced in an persistence by a given number of first in the industriousness (Case, Fair, Oster, 2009). The most(prenominal) common concentration ratios are foursomesome and eight, which meat the food market share of four and eight largest firms. Concentration ratios are normally used to show the extend of market delay of the largest firms in the ind ustriousness and to illustrate the degree to which an manufacture is oligopolistic (www.amosweb.com). In the legato milk manufacturing industry the top 4 largest social nine-spots checker 42.6% of the market share, the top 8 largest companies take on into 53.6% of the market share (US Census Bureau, 2002). In 2010 congress set forth the following The changing structure of U.S. agriculture has generated concerns about modify competition in a wide variety of truthful products markets, including dairy. Two primary areas of concern in the dairy industry are consolidationthe shift to fewer and larger firmsand industry concentrationthe extent to which a small number of firms consider most of the sales (Shields, D. 2010, pg. 2). The report provides us with the top four largest firms; Dairy Farmers of America, Inc. (Kansas City, MO), California Dairies, Inc. (Visalia, CA) and Land OLakes, Inc. (St. Paul, MN). Unlike the tranquil milk industry the womens and girls swinging & sew dresses is at the moment very comp! etitive. The largest fifty companies control 69.6% of the market...If you want to get a full essay, fiat it on our website: OrderCustomPaper.com

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