Economists believe that oligopoly firms have a kinked demand curve. Explain why the oligopoly demand curve has a kink.

Q: What is an example of an oligopoly industry? What makes this industry an oligopoly? What will rival…

A: Oligopoly is a market structure, in which a few firms sell similar but differentiated products.…

Q:   identify and describe a real world example of an oligopoly. What characteristics of this…

A: Oligopoly is the form of market structure in which there are few sellers of either a homogeneous or…

Q: Explain the kinked demand curve theory of an oligopoly. Include in a discussion of contemporary…

A: Oligopoly is a market structure which have the following features: Small number of firms Action of…

Q: In a non-collusive oligopoly if one firm increased its price what would the other firms likely do?…

A: Oligopoly is a market structure in which there are few sellers. There are many buyers in oligopoly…

Q: What are the incentives for firms in an oligopoly to collude or work together? Has price collusion…

A: Oligopoly: There are only a few but large producers/firms, who have catered to a huge group of…

Q: Sometimes oligopolies in the same industry are very different in size. Suppose we have a duopoly…

A: Oligopoly is an imperfect market competition, where there are few firms selling differentiated goods…

Q: Why are firms said to be independent in an oligopoly market? Explain

A: # out of the four market structures the market structure which is categorised by few sellers is…

Q: Provide and briefly explain the various oligopoly models.

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: The feature that makes oligopoly different from other market structures is that firms in an…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: On the next few slides be sure to answer the following questions. What is an oligopoly? Give an…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: why is Commercial air travel an example of oligopoly

A: Oligopoly:  In oligopoly there are only few number of sellers in the market. It maximize its profit.…

Q: How can a kinked demand curve indicate that the firms in the oligopoly will continue to behave as a…

A: The cartel is the form of agreement between the firms in the oligopoly market which results in the…

Q: The kinked demand curve in oligopoly markets reflects firms' tendency to   Question 8 options:…

A: An oligopoly is a form of market where there are few sellers with a large number of buyers.

Q: What strategy can work like a silent form of cooperation within the framework of an Oligopoly ?…

A: In the oligopoly market, firms have an incentive to either compete with each other or to collude,…

Q: Why does the interdependence of firms play a major role in oligopoly but not in perfect competition?

A: Markets can be divided on the basis of number of sellers and ease of entry and exit from the market…

Q: What type of a product (identical, unique, variety etc) is in a oligopoly and how easy is it for a…

A: Oligopoly market is such a market which is dominated by few big sellers.The level of competition is…

Q: Consider an oligopoly in which Firm A can choose between a low price and a high price, and Firm B…

A: a. If both the firms A and B choose independently then they would choose high irrespective of other…

Q: what are oligopoly firms? can you identify the main characteristics of firms in an oligopoly market?…

A: An oligopoly can be defined as a market structure in which a small number of firms or seller sells…

Q: If a group of sellers could form a cartel, what quantity and price would they try to set?

A: Hi! thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: Offer one reason why it is difficult for oligopoly firms to sustain a cartel.

A: An oligopoly is a market arrangement in which a small number of significant sellers or producers…

Q: Concentration ratios have often been used to note the tightness of an oligopoly market. A high…

A: In Democratic government, typically, it has been seen that there is both public and private sector…

Q: Explain Price RIGIDITY in Oligopoly using the following graph.

A: An oligopoly is a market structure where are only a few sellers and a large number of buyers in…

Q: Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of…

A: find the answer below.

Q: Why is a firm behavior under oligopoly so difficult to predict

A: In the oligopoly market structure, there are few firms selling homogenous products by forming a…

Q: If a market structure is an oligopoly, do Lexus, Cadillac, and Lincoln engage in sticky pricing? Who…

A: There are 4 main market forms which are as follows:- (1) Perfectly competitive market (2) Monopoly…

Q: Outline the characteristics of an oligopoly and explain why firms in this particular market…

A: There are many types of market structures in an economy based on the type of good they sell, the…

Q: Explain and describe the kinked demand curve of a firm in an oligopoly.

A: Oligopoly market structure refers to the market system where few firms dominate the market. The…

Q: Explain assumptions oligopoly.

A: Oligopoly : It refers to a market situation in which there are few firms selling homogenous or…

Q: What are the characteristics of an oligopoly? Choose all that apply. A. One particular product or…

A: Oligopoly: - it is a market condition where there are few firms or sellers in the market selling…

Q: Give two examples other than oligopoly that show how the prisoners' dilemma helps to explain…

A: Oligopoly is a market form which has few sellers and the price and the output policy are decided by…

Q: what is oligopoly market in economics and what are the features of the oligopoly market?

A: In simple words we can say that oligopoly market is an market where the numbers of the sellers are…

Q: explain the short run equilibrium for the oligopoly

A: The markets are the place where the buyers and the sellers of various goods, services, and other…

Q: The market for smartphones is an Oligopoly market.  Illustrate how equilibrium price and quantity…

A: The oligopoly is the market structure where the number of firms is less in market. There is a…

Q: Explain the Kinked Demand Curve and the reason for the rigidity in prices under oligopoly?

A: An oligopoly market structure is a place where are few number of sellers selling homogenous or…

Q: Which of the following is not true about oligopoly?  A. there are few sellers B. profit is higher if…

A: Oligopoly is a market structure consisting of a small number of large firms producing differentiated…

Q: Stackelberg oligopoly model

A: Oligopoly is a type of market structure where there are small number of firms who feel that they are…

Q: Which is an example of a differentiated oligopoly? Multiple Choice The cement industry The beer…

A: Oligopoly can be categorized as differentiated and undifferentiated oligopoly. An oligopoly where…

Q: Discuss how oligopoly market structure can help explain some of the decision-making processes by…

A: An Oligopoly is a market form in the wherein a market is dominated by the small group of large…

Q: What profit does firms make in a long run in a oligopoly market

A: Oligopoly Market: The term oligopoly market refers to the situation under which there is a small…

Q: Will the firms in an oligopoly act more like a monopoly or more like competitors?

A: Oligopoly is a market structure refers to the situation in which few firms enjoy the whole market…

Q: What are the main features of oligopoly market structure ?

A: main features of oligopoly market are as follows :- 1. Few sellers  2. Interdependence among sellers…

Q: Define Oligopoly market structure . Discuss the barriers to entry and exit in an oligopoly market .(

A: Oligopoly  The term "oligopoly" refers to a small group of producers who work together, either…

Q: In an oligopoly market structure, firms profits are interdependent. True False

A: An oligopoly market structure is a market where there are few sellers regulating the supply of the…