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How to maximize profits In:
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2-
3-
4-oligopoly:
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- Explain the market structure continuum? Select one: a) Oligopoly-Pure Monopoly-Pure Competition-Monopolistic Competition b) Pure Monopoly-Monopolistic Competition-Oligopoly-Pure Competition c) Monopolistic Competition-Oligopoly-Pure Competition-Pure Monopoly d) Pure Competition-Oligopoly-Pure Monopoly-Monopolistic Competition e) Pure Competition-Monopolistic Competition-Oligopoly-Pure MonopolyTYPE OF COMPETITION PRODUCTS 1. Perfect 2. Monopolistic 3. Oligopoly 4. Monopoly Provide at least five example products for every type of competition. (direct answer please, no need long explanation)Which market has market power or not and is it good to have market power or not: 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:
- 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 marketThis is a Microeconomics problem. (a) Give 2 reasons why the market structure of monopolistic competition may not necessarily require government regulation the way a monopoly market would. (b) What is a reaction curve in an oligopolistic market? (c) Describe the Stackelberg model and explain how the first mover in such a model gets an "advantage"?Question 3.3 The fast-food restaurants would be an example of which market model? Monopolistic competition Pure competition Pure monopoly Oligopoly
- With the aid of a diagram explain how a monopolist determines how much output to produce and what price to charge. b. Explain how the perfectly competitive firm decides whether to operate or shut down in the short run. c. Explain why firms operating in monopolistically competitive markets probably will not earn an economic profit in the long run. d. Why does interdependence of firms play a major role in oligopoly but not in perfect competition or monopolistic competition? Question 2a. A producer borrows money and starts a business. He himself looks after the business. Identify implicit and explicit costs from this information. Explain. b. List and explain which of the following is a fixed cost or a variable cost for Caribbean Airlines. i. The cost of fuel used in its planes. ii. The rent on its Piarco headquarters. iii. The lease payments on its current inventory of jets. iv. The cost of peanuts it serves to passengers. v. The salary paid to the Chief Executive Officer. c. How is…. Which market condition (Monopoly, Perfect Competition, Duopoly, or monopolistic competition) is good for customers and why? Illustrate your choice with an appropriate scenarioExplain what market inefficiencies derive from monopolies and monopolistic competition. Use examples How do firms in an oligopolistic market set their prices? Use specific examples Explain how firms that compete in the four different market structures determine profitability. Use specific examples
- In economics, what is the term for a market with only one seller, producing a unique product with no close substitutes? A. Oligopoly B. Monopolistic competition C. Perfect competition D. MonopolyTypes of products in: 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:explain this topic Perfect Completion, Monopolistic Competition, Oligopoly, Monopoly.
