Real-Life Case Study: Entry and Exit of Firms in Industry
Not what you're looking for?
Please help with the following problem.
ENTRY AND EXIT OF FIRMS: WHERE HAVE THEY OCCURRED?
Go to the Census Bureau Web site at www.census.gov and select Economic Census, then Comparative Statistics, and then Manufacturing (More data). Identify three manufacturing industries that experienced large percentage increases in the number of firms between 1997 and 2002. Identify three manufacturing industries that experienced large percentage decreases. What single factor is the most likely cause of the entry and exit differences between your two groups? Explain.
Purchase this Solution
Solution Summary
This solution uses statistics from the U.S. Census Bureau to find manufacturing industries that experienced large increases or decreases in the number of firms between 1997 and 2002, and proposes the single factor that most likely explains the results.
Solution Preview
The relevant data is at http://www.census.gov/econ/census02/data/comparative/USCS_31.HTM
Three industries that experienced large increases in the number of firms (establishments) ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.