1. ECO 204-Manufacturing Industry Evaluation paper
Economists sometimes use concentration ratios to
evaluate whether industries are oligopolies. In this
assignment, you will make your own determination
using the most recent data available. You will also
discuss the merits and disadvantages of oligopolies in
light of your research.
Go to the Concentration Ratios in Manufacturing
(http://www.census.gov/epcd/www/concentration.ht
ml)
page at the website of the U.S. Census Bureau, click
on the PDF of the most recent Economic Census for
Manufacturing (NAICS 31-33), and answer the
following questions in a two- to three- page paper
formatted according to APA style.
2. ECO 204-Manufacturing Industry Evaluation paper
1. Find the four-firm concentration ratios for the following
industries: fluid milk (311511), women’s and girl’s cut & sew
dresses (315233), envelopes (322232), and electronic computers
(334111).
2. Assess the level of competition for each of the four industries.
3. Define oligopolies and identify which of the listed industries
qualify as oligopolies.
4. Describe why these industries qualify as oligopolies and identify
some of the firms that operate in the listed industries.
5. Discuss whether or not oligopolies are always bad for society,
using examples from the firms you described.
Answer is 2 and half page long with 2 references. One reference is
Principles of Microeconomics by Case, Fair, and Oster. Data taken
from Economic Census 2007.
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