A unique feature of an oligopolistic industry is Multiple Choice low barriers to entry. standardized products. diminishing marginal returns. mutual interdependence.
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A unique feature of an oligopolistic industry is
-
low barriers to entry.
-
standardized products.
-
diminishing marginal returns.
-
mutual interdependence.
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- A common characteristic of oligopolies is a. interdependence in pricing decisions. b. independent pricing decisions. c. low industry concentration. d. few or no plant-level economies of scale.An oligopolistic market structure is distinguished by several characteristics, one of which is difficult entry. What are some other characteristics of this market structure? Check all that apply. Market control by many small firms a) Market control by a few large firms b) Mutual interdependence c) Mutual dependence d) Either similar or identical productsExplain the impact of change in demand and supply on the price level under oligopolistic market condition.
- The oligopoly market structure is characterized by several defining qualities on of which is either similar or identical characteristics, which others describe the oligopolistic market structure.Which strategy—non-cooperative or cooperative strategy—has a better result/outcome in the context of an oligopolistic industry and explain why it is better than the other strategy.Product differentiation is an essential characteristic of oligopolistic market structures.do you agree ?explain
- Two models of oligopolistic competition:Cournot Model (firms compete in quantities)Price Competition Model (firms compete in prices)However, other industries exist where a firm might decide to compete by setting quantities while another firm sets prices. Identify one such industry in our society. Provide clear examples and explain the reasons that might motivate firms' decisions?An oligopolistic market has all the following characteristics except A. Mutual interdependence B. Large number of small firms C. Economies of scale D. Standardized or differentiatedIndicate if the following characteristics exist in oligopolistic market by putting a check (√) on the blank before those that are and a cross (x) for those that are not. _______ 1. Easy entry into the market. _______ 2. Uniform pricing of product _______ 3. Interdependence of action among sellers _______ 4. Products sold may be homogeneous or differentiated. _______ 5. Prevalent nonprice competition _______ 6. Sellers enjoy a degree of market control. _______ 7. The seller’s marginal revenue is lower than price. _______ 8. Profit is maximized where MR = MC. _______ 9. A dec+-rease in the price of one seller is usually matched by price decreases of his rivals. _______ 10. The marginal revenue curve is truncated.
- Please no written by hand and no emage An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some other characteristics of this market structure? Check all that apply. No entry Market control by a few large firms Either identical or differentiated products Market control by many small firmsAn oligopolistic market structure is distinguished by several characteristics, one of which is difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. Either similar or identical products Market control by a few large firms Market control by many small firms Neither mutual interdependence nor mutual dependence Mutual interdependenceExplain the general meaning of the following profit payoff matrix for oligopolists C and D. All profit figures are in thousands. Use the payoff matrix to explain the mutual interdependence that characterizes oligopolistic industries.
