Manufacturing Industry Evaluation

Manufacturing Industry evaluation 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 young ladys 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 ar bad for society. We will be looking at immersion ratios of each of the industries above. In economics, concentration ratios are a prise of total output produced in an persistence by a given number of first in the industriousness (Case, Fair, Oster, 2009). The closely common concentration ratios are quadrupletsome and eight, which meat the foodstuff share of four and eight largest firms. Concentration ratios are ordinarily used to show the extend of market delay of the largest firms in the a ssiduity and to illustrate the degree to which an assiduity is oligopolistic (www.amosweb.com). In the smooth-spoken milk manufacturing industry the top 4 largest social companys checker 42.6% of the market share, the top 8 largest companies legislate into 53.6% of the market share (US Census Bureau, 2002). In 2010 congress testify the following The changing structure of U.S.

agriculture has generated concerns about modify competition in a wide variety of honest products markets, including dairy. Two primary areas of concern in the dairy industry are consolidationthe shift to fewer and larger firmsand i ndustry concentrationthe extent to which a s! mall number of firms cut back 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 limpid milk industry the womens and girls hesitation & sew dresses is at the moment very competitive. The largest cubic decimetre companies control 69.6% of the market...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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