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- which market structure survive in pandemic?monopoly or oligopoly?The following graph illustrates Demand, Marginal Revenue and cost curves for GeneTech firm which produces vaccine. In which market structure is this firm operating, monopoly or Perfect competition? How do you know? How many vaccines should GeneTech produce to maximize its profit? How do you know? Explain your answer. What price should GeneTech charge for its vaccine to maximize its profit?Are Covid-19 rapid antigen tests a Monopoly, oligopoly or a perfectly competitive market
- How do intellectual property rights drive innovation? Group of answer choices They allow companies to earn monopoly profits on its product for a period of time. They allow firms to earn oligopoly profits on their product for 10 years. They allow firms to innovate with much less debt. They provide a means for innovators to share their new inventions with their competitors.Alibaba is a Chinese e-commerce firm similar to Amazon.com in the United States. It has increased its power and global influence with strong leadership from its founder, including knowing when to acquire other organizations. For instance, in addition to acting as a platform for buyers to purchase products, it also acquired firms in the delivery and payments industries so it would have more control over the entire process. Alibaba's acquisitions are an example of a) full-line forcing. b) vertical channel integration. c) channel cooperation. d) horizontal channel integration. e) digital distribution.Start with a simple set-up where the only participants in the corruption are the entrepreneur and the politician. The entrepreneur can either give a bribe to the politician or not. The bribe is a cost to the entrepreneur but if accepted by the politician it allows them to charge a monopoly price allowing a higher profit. After receiving a bribe, the politician can accept or reject it (but they cannot prove that they got the bribe). Explain the payoff conditions under which corruption occurs.
- In any industry, what motivates potential rivals to enter the market? a.average profit b.high profits c.low profits d.profitsAn oligopoly is a market structure in which there are Question 6 options: many sellers selling a differentiated product. a few products sold by many sellers. only a few sellers selling either an identical or differentiated product. only a few buyers but many sellers.Suppose, Pfizer Company is the only company allowed by the Sultanate government to sell COVID vaccine in Oman. According to you, what type of market Pfizer Company is having in Oman? a. Monopoly market b. Monopolistic market c. Competitive market d. Oligopoly market
- If patents reduce competition, why does the federal government grant them? The federal government grants patents A. to increase the number of close substitutes available. B. to prevent network externalities. C. to create natural monopolies. D. to encourage firms to collude. E. to encourage firms to spend money on research to create new products.Discuss indications for business innovations according to Peter Drucker and further elucidate how these can be shielded from business kleptoparasites.Question 20: _____ is a slight variation on monopoly where there are more than one producer but the product each produces is differentiated enough that they are not perfect substitutes for each other. A Perfect competition B Monopolistic competition C Oligopoly