if two firms (firm A and firm B) are competing selling T-shirts, both at $12 per shirt, both have a quantity of 50 and both can produce a t-shirt at a cost of $2 per shirt both marginal and average. If both companies are competing directly against each other in prices, what will the new marginal price of company B will be? and what will be their profits? Also, how do you solve the equilibrium price in oligopolies?

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: What are the number of firms in a oligopoly and what is the price control of product by individual…

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Q: types of oligopoly and their effects on the competition/collusion

A:

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A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

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

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Q: why is Commercial air travel an example of oligopoly

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Q: 0-3 Explain why predicting oligopoly behavior is so difficult

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Q: What characterizes a market structure known as Oligopoly?  How does Oligopoly is both similar to…

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

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

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

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