Question

In: Economics

Service Households (2015) Households (Current Survey) Time Warner Cable          75,625          74,520 At&T U-Verse         ..

Service Households (2015) Households (Current Survey)
Time Warner Cable          75,625          74,520
At&T U-Verse          56,815          58,140
Dish Network          14,940          14,650
Direct TV          19,650          19,850
Google Fiber                 -             1,150
Households with Service        167,030        168,310
No Service*          16,650          17,520
Total Households        183,680        185,830

*No service indicates that the household does not currently subscribe to a multi-channel video provider. Of these households, 68.4% indicated that they did subscribe to one or more Internet-based services such as Netflix or Hulu. In the 2015 survey, the same response was 63.2%.

Question:  

According to Department of Justice guidelines, is the industry heavily concentrated? How has that changed since the 2015 survey?

Solutions

Expert Solution

Hi

The answer of the following question is given below as follows :

According to the reports published of the Department of Justice, the business is very marked. there are many changes according to the 2015 survey Some of the key points from the survey is given below as follows ;

A) The business involves the digital transformation of manufacturing / production and connected industries and value creation processes.

B) Industries represents a new stage within the organization and management of the commercial value chain.

C) The results of that survey are clear: market concentration within the US economy is high

D) "The US Department of Justice and the Federal Trade Commission note that claims of breakneck concentration are not supported by information for meaning markets."

E) Industries are more automated than in the elderly

F) It involves building a bridge between the physical and digital world through cyber-physical systems, enabled by Industrial IoT or some programing.

G) Any change from a central industrial system to where the sensible product describes the assembly steps

H) personalization / personalization of the product.

So With the government's commitment to advance the reform method, the conditions exist to increase the growth of the economy.

Moreover it is important to know that the term  "HHI" mean the Herfindahl-Hirschman index, a generally accepted life of market concentration. The HHI is calculated by squaring the market share of each competitive company within the market, adding the resulting figures.

I hope I have served the purpose well.

THANKS.


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