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- If members of an oligopolistic industry wish to maximize profits for the industry, they will likely charge prices that are what a monopoly would charge and all together produce a quantity that is will produce. what a monopoly Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a greater than; equal to b equal to; higher than c greater than; higher than d equal to; equal toQ61 Tha use of cannabis was legalized in Canada in 2017. Assume that the Canadian cannabis sector is an oligopoly producing differentiated products, for example marijuana cigarettes with different levels of THC, the active ingredient. If the four-firm concentration ratio in an oligopolistic ten-firm industry is 40 percent, and each firm has an equal percentage of sales, the Herfindahl index is Multiple Choice 400. 2,000. 800. 4,000. 1,000."prove diagrammatically that a monopolistic firm charges a higher price than a competitive firm"
- Describe three possible barriers to entry that may be used to maintain monopolistic conditions in an industryExplain the general meaning of the following profit payoff matrix for oligopolists C and D. All profit figures are in thousands. In view of your answer to 6b, explain why price collusion is mutually profitable. Why might there be a temptation to cheat on the collusive agreement?Using the kinked-demand curve model, graph, illustrate and explain the price rigidity that typically characterizes oligopolistic markets. Include labels and brief explanations of each segment of the kinked demand curve .
- Within a monopolistically competitive industry, it would be expected that Group of answer choices firms will make a positive economic profit in the long-run. in the long-run, a typical firm’s price is greater than their average cost. in the short-run, an innovative firm’s price is greater than their average cost.Suppose you manage a firm in a monopolisticallycompetitive market. Which of the following strategies will do a better job of helping you maintaineconomic profits: obtaining a celebrity endorsement for your product or supporting the entry offirms that will compete directly with your biggestrival? Explain your answer.The following are the respective numbers for the four-firm concentration ratio and Herfindahl index in an industry. Which set of numbers is most suggestive that the industry is monopolistically competitive? 38 and 608 83 and 2,341 62 and 1,654 98 and 6,206
