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This research analyzes the responses of firms to the oligopoly motorcycle industry after Permendag No.21/MDAG /PER/10/2005 (Permendag No.21 / 2005 in 2005) on structure, conduct, and performance. Price cost margin ratio represents as performance; advertising and R&D expenditure ratio as conduct; and concentration ratio as structure in the motorcycle industry during the 2001 – 2014 period, which and are distinguished based on the size of the firms. This study applies simultaneous equation system model, and the Two Stage Least Square (TSLS) for the parameter estimation. The empirical result shows that the impacts of permendag regulation as exogenous variable to CR2 growth can reduce the competition in motorcycle industry. Foreign direct investment as foreign shareholder of the firm negatively impacts on the conduct of firms because no company owns a central of R&D in Indonesia. On the performance, efficiency impacts positively on the price cost margin. The other variables on performance, concentration ratio and growth industry interaction have positive impacts on price cost margin. It describes that the ease of collusion of motorcycle industry in Indonesia can increase performance on price cost margin. Keywords— Permendag No.21/2005; Motorcycle Industry; Oligopoly; SCP

The Impacts of Permendag NO. 21/M-DAG/PER/10/2005 on the Structure, Conduct, and Performance of Motorcycle Industry in Indonesia