A Brief Examination of Firms Within the Manufacturing Industry

A shortened Examination of Firms within the Manufacturing Industry Jeannine Akiyama ECO204: Principles of Microeconomics Alice Sineath, certified public accountant October 22, 2012 A Brief Examination of Firms within the Manufacturing Industry there ar many divergent types of industries in which the United States (U.S.) number business office compiles reports on much(prenominal) as; the Utilities Industries, the Wholesale Trades Industries, etc., however for this discussion, the focus will be on the Manufacturing Industries. The U.S. numerate Bureau codes and defines the Manufacturing Industry as domain 31-33 and being comprised of establishments engaged in the mechanical, physical, or chemical translation of materials, substances, or components into new products (Economic Census, 2002, p.ix). Also, such establishments in the manufacturing sector are often described as plants, factories, or mills and characteristically use power-driven tool and material-ha ndling equipment by firms such as bakeries, massdy stores, and custom tailors (Economic Census, 2002, p.ix). The Economic Census 2002 is compiled by the U.S. Census Bureau which reports the tightfistedness ratios for the various opposite types of existing manufacturing firms.

fit to Case, Fair, & Oster, (2009), intentness ratios are the apportion of the assiduity take in sales or utilization accounted for by the communicate firms (p.450). This will be a instruct discussion regarding the mental test of quaternion manufacturing firms in find whether or not they can be considered to be oligopolistic and if so, to what s tratum based on the slow-wittedness ratios.! Of the many different manufacturing firms, four were analyzed according to the four-firm concentration ratios shown in percentage form. The four-firm concentration ratio is the proportion of number output in an intentness produced by the four largest firms in an industrycommonly use to indicate the degree to which an industry is oligopolistic and the achievement of market...If you want to cross a full essay, order it on our website: BestEssayCheap.com

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