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, CPA
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.) numerate Bureau compiles reports on such as; the Utilities Industries, the Wholesale Trades Industries, etc., but for this discussion, the focus will be on the Manufacturing Industries. The U.S. Census 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 machine and material-handling 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 different types of existing manufacturing firms.



fit to Case, Fair, & Oster, (2009), intentness ratios are the share of the assiduity take in sales or employment accounted for by the communicate firms (p.450). This will be a brief discussion regarding the mental test of four manufacturing firms in determining whether or not they can be considered to be oligopolistic and if so, to what degree based on the concentration 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 industry
produced by the four largest firms in an industry…commonly used to indicate the
degree to which an industry is oligopolistic and the achievement of market...If you want to get a full essay, order it on our website: Orderessay



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