Give an example of a good or commodity that is intangible and explain why it is so. -Who are the unemployed in terms of economics? Give an example and explain why. -Give an example of a business that falls under the category of a perfect oligopoly and explain why.
Q: Short answer. Write a brief response to each of the following questions about oligopolies. 1. How…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: weigh the pros and cons of monopoly and market oligopoly. In the Philippine situation, should…
A: A monopoly is a market consisting of only one producer/seller that acts as a price maker, while an…
Q: What are some of the barriers to entry that can keep the number of sellers small in an Oligopoly?…
A: Oligopoly is defined as that market structure which has few seller selling the differentiated or…
Q: 2) What is oligopoly? And Monopoly? State two examples for which market structure in case of…
A: The market is a location where the transaction of services and commodities takes place. It is…
Q: Using a real life example, explain that is meant by a ‘natural monopoly’. What are at least 3…
A: A natural monopoly is a monopoly in which the largest supplier in an industry, generally the first…
Q: A. What is meant by the change in the quantity demanded and the change in demand support your answer…
A: Hi Student, Thanks or posting the question. As per the guideline, we are providing answer for the…
Q: (1) When is it desirable for society to allow a monopoly to operate? When the monopolist is…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
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A: Answer:- (a) As I would like to think, the book face the economy is right, and the cases given by…
Q: Discuss reasons and conditions under which a monopoly or an oligopoly, despite its market power,…
A: ANSWER As monopoly and oligopoly both have significant role in taking care of resources.
Q: What could McDonald’s do to create barriers that would prevent others from entering the markets and…
A: Barriers to entry refer to the imposition of costs or other similar impediments to prevent new…
Q: - Know how to calculate the Herfindahl Index. What HHI number means a pure monopolist? number means…
A: in HHI we consider the percentage share of each firm in an industry) HHI = s12 + s22 + s32+…..+ sn2…
Q: Explain how organizations can collude to raise prices of products like sugar using the concept of…
A: Collusion is an agreement between firms to set the prices of their goods to gain an advantage.…
Q: Question:What market structure has a TR that is equal to the 45 degree line? -pure -monopoly…
A: Perfect competition is the market structure where there are many sellers in the market with each…
Q: Why might a government try to prevent monopolies or oligopolies from forming in a market? And how…
A: A monopoly refers to a market in which there is only a single seller of a commodity. The seller has…
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A: Competition in capitalism takes place when two entities compete with each other to get some profit,…
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A: OPEC which stands for Organization of the Petroleum Exporting Countries is a cluster of…
Q: MC = 8 = Average Cost ( Select ) If there is a monopoly firm in this industry, what is the profit…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first 3 subparts for you as…
Q: . compare the quantity and price of an oligopoly to those of a monopoly 2. compare the quantity and…
A: Definitions: Monopoly Oligopoly There is a single producer in the market. Huge barriers to…
Q: Define economic efficiency in terms of production costs and products prices. Why are purely…
A: * ANSWER :-
Q: Explain what is Oligopoly and duopoly? Are firms in Oligopoly large firms or small firms? What is…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: What are the three major legal forms of business organization? Which form is the most prevalent in…
A: Business organization refers to the groups of people coming together to form a legal entity under…
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A: A purely competitive market comprises a large number of small firms that produce and supply goods or…
Q: 42. In the context of oligopoly, the kinked demand curve hypothesis is designed to explain A. O…
A: Under the oligopoly form of market, there exist a few sellers and a large number of buyers. The…
Q: Questions 1. What steps did Microsoft have to take to develop products that are customized to Indian…
A: Traditionally, Microsoft began developing the one-size-fits-all strategy at home and applied it…
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A: Meaning of Market: The term market refers to the situation under which there occur various…
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A: Monopoly producerss don't think much about their potential income because they enforce stringent…
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A: The markets in an economy help the buyers and sellers to meet and interact with each other. In the…
Q: What steps did Microsoft have to take to develop products that are customized to Indian consumers?…
A: Following are the steps taken by Microsoft in developing products customized according to the Indian…
Q: Q1. Firms in oligopoly must constantly think in terms of how other firms in the industry will react…
A: Market structure alludes to how various businesses are ordered and separated in view of their…
Q: 22: What are some of the Factors Leading to Globalization?
A: Globalization permits the movement of goods and services and people across the world.
Q: Modern business practices do not usually result in violent outbreaks. Why might governments in the…
A: First part To protect consumers' interests, the government may desire to regulate monopolies.…
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A: The perfect competition refers to the market where many sellers are there in the market. Perfect…
Q: In which market structure might uniqueness be the most important? Why? In which market structure…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: 2. Which is a better market structure, Monopoly or Oligopoly? Why?
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: 16 When does a kinked demand curve occur? A When one firm in a duopoly cuts prices and forces the…
A: In the oligopoly market, there are few firms which dominate the market. It is a highly concentrated…
Q: 1. Suppose your professor announces that each student in your large lecture class who receives the…
A: Hello, thank you for the question. Since there are multiple questions posted here, only the first…
Q: just answer the subpart d a. Explain what you know about collusion and cartels, including:…
A: d. Collusion: Collusion is an agreement between rivals which in general is considered as…
Q: if two firms (firm A and firm B) are competing selling T-shirts, both at $12 per shirt, both have a…
A: Provided that both the firms are competing with each other directly, the new marginal price cue to…
-Give an example of a good or commodity that is intangible and explain why it is so.
-Who are the
-Give an example of a business that falls under the category of a perfect oligopoly and explain why.
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- -What is duopoly? -What is its characteristics? -What are the pros and cons of duopoly? -Give examples of this.1. Think of some new products, or techniques of production, that have been developed over the last few years. What old products did the new products displace? Which companies are leading the development of new technology? 2. Why would the functioning of capitalism tend to result in the equalization of profit rates? What offsetting tendencies are there? What do we know about which tendencies will prevail? 3. What are the three major forms of capitalist competition? Discuss each, making specific reference to their impacts on the determinants of the profit rate. 4. In what ways do larger firms have an advantage over smaller firms in their ability to make profits?2. As a consumer of the products or services provided by these Big Tech companies, are YOU helping fellow consumers with fair business practices or supporting Big Tech firms grow in market power? Do explain
- QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)Only typed answer 1. Why do oligopolies exist? A. A small number of firms have established barriers to entry using economies of scale, patents, and sheer size to prevent other firms from challenging them. B. The oligopolistic firms are created, run, and supported by the government. C. The members of an oligopolistic market are producing in the upward sloping range of their long run average cost curves.1 - Why are merger and acquisition strategies popular in many firms competing in the global economy? 2 - What is the restructuring strategy, and what are its common forms? 3 - What incentives influence firms to use international strategies? 4 - What are political risks and what are economic risks? How should firms deal with these risks? 5 - What are the four business-level cooperative strategies? What are the key differences among them? 6 - How is each of the three internal governance mechanisms- ownership concentration, boards of directors, and executive compensation- used to align the interests of managerial agents with those of the firm’s owners? 7 - What does it mean to say that strategy and structure have a reciprocal relationship? 8 - What organizational structures are used to implement the multidomestic, global, and transnational international strategies? 9 - What is strategic leadership? Why are top-level managers important resources for an organization? 10 - What is…
- 1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…1. Why is innovation so important for firms to compete in many industries? 2. What are some of the advantages of technological innovation? Disadvantages?Subject: Manegerial economic & policy Q#1) In your answer to each part below, include references to specific games discussed in thechapter as appropriate.a. If a game has a dominant strategy equilibrium, does it have a Nash equilibrium?b. If a game has a Nash equilibrium, does it have a dominant strategy equilibrium?c. If one firm has a dominant strategy, can another firm take advantage of that fact in decidingon its optimal strategy?d. Can a game have more than one dominant strategy equilibrium? Can a game havemore than one Nash equilibrium?
- Global Wannabe (GW), a manufacturer of musical instruments, is eager to internationalize. New to international business, within the coming four years, senior management wants GW to generate at least one-third of its sales from abroad by establishing foreign marketing subsidiaries and production bases in low-cost countries to cut manufacturing costs. GW’s president, Larry Gerber, has appointed you to the task force charged with recruiting managers who can run GW’s operations abroad. 3.2 What measures can you take to enhance the prospects of placing women in international business jobs?1. Do you believe that Netflix will become or is already a monopoly? What are some of the monopoly traits that would make you believe it will soon be or is already a monopoly? 2. In a competitive business environment, firms are said to be break-even in the long run. What does this exactly mean, why does it happen? Does this long-run break-even outcome apply to all market structures, and why?6.What best describes the example/instance for building a model to identify cross-sell opportunities (trying to convince people to adopt a new product category - say jewelry - that they have not bought in before)? A. Any current customer. B. Any new customer who might be interested in jewelry. C. All current customers who up to a certain point in time have NOT bought in the jewelry category. D. All current customers who up to a certain point in time have NOT bought in the jewelry category but did buy jewelry in the next time frame.