Review the following companies and give your opinion (as informed by economic concepts from class and the textbook) abou
Posted: Sun Jun 05, 2022 12:11 pm
Review the following companies and give your opinion (as
informed by economic concepts from class and the textbook) about
the following two questions:
First, whether each company as “no ability”, “very limited
ability”, “some ability”, “a lot of ability” or “complete and total
ability” to exercise market power (i.e., affect quantity and/or
price) in the markets in which they sell products. Briefly
explain your answer for each company.
Second, are there low or high barriers to entry to potential
competitors, and what are the sources of those barriers (legal,
natural/geographic, cultural, etc.)?
Syngenta Crop Protection (supplies crop protection chemical and
other agricultural services)
JBS U.S. Holdings, Inc (a meat packing company)
Kellogg Breakfast Cereal
Anheuser-Busch Inbev in 1983, when the entire U.S. beer
industry in 1983 was comprised of 49 breweries in the U.S.
Anheuser-Busch Inbev in 2018, when there were over 9,000
brewers in the U.S. beer industry.
informed by economic concepts from class and the textbook) about
the following two questions:
First, whether each company as “no ability”, “very limited
ability”, “some ability”, “a lot of ability” or “complete and total
ability” to exercise market power (i.e., affect quantity and/or
price) in the markets in which they sell products. Briefly
explain your answer for each company.
Second, are there low or high barriers to entry to potential
competitors, and what are the sources of those barriers (legal,
natural/geographic, cultural, etc.)?
Syngenta Crop Protection (supplies crop protection chemical and
other agricultural services)
JBS U.S. Holdings, Inc (a meat packing company)
Kellogg Breakfast Cereal
Anheuser-Busch Inbev in 1983, when the entire U.S. beer
industry in 1983 was comprised of 49 breweries in the U.S.
Anheuser-Busch Inbev in 2018, when there were over 9,000
brewers in the U.S. beer industry.