In which two market models would advertising be used most often?     Pure competition and monopolistic competition        Pure competition and pure monopoly        Monopolistic competition and oligopoly        Pure monopoly and oligopoly

Q: There are many sellers of abayas and dishdashas in Muscat. Each abaya and dishdasha seller makes…

A: There are four types of market structures. They differ from each other on the basis of number of…

Q: A market in which there are only a few firms and each is able to influence the market price is…

A: Oligopoly market:   The oligopoly market is the market structure with small number of large seller…

Q: Nike, Reebok, Adidas, New Balance are popular brands of athletic shoes. Generally Nike and Adidas…

A: Pure monopoly refers to the market structure in which there exists only a single supplier or…

Q: Oligopolies and Cartels A large share of the world supply of diamonds comes from Russia and South…

A: An oligopoly market is one that has few large firms which are interdependent selling homogenous as…

Q: Complete the table below by indicating the characteristics of each market structure. Number of…

A: There exists four market structures as stated below Perfect competition Monopolistic competition…

Q: a monopolistically competitive market an oligopoly market with   a large number of firms competing…

A: McDonald is one of the multiple food chains in India. There are numerous other companies that…

Q: Which of the follow is the best example of a good or service sold by firms operating in an…

A: Oligopoly means where there are very few sellers in the market. And perfect competition means that…

Q: A goods market has many buyers and many sellers, and its largest company produces a small amount of…

A: We are going to discuss the characteristics of each type of market structure to answer this…

Q: An oligopoly firm is similar to a monopolistic ally competive form in that Both firms face the…

A: Oligopoly is an imperfect market structure, in which a few suppliers sell goods in the market.…

Q: Which of these market structures is not correctly described? Monopolistic Competition Oligopoly…

A: Introduction Monopoly: Monopoly is said to exist when one firm is the sole seller of a product which…

Q: A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the…

A: Market structure can be divided into perfect competition, monopolistic competition, oligopoly, and…

Q: which situation at the following, _______ is the market dominated by only one seller/company?…

A: Types of market structures  Perfect Competiton Monopolistic Competition Oligopoly Monopoly  The…

Q: Which of the following statements is (are) correct? An oligopoly is a market in which (x)…

A: Oligopoly is a special type of a market that cannot be explained using a single model due to which…

Q: A monopolistically competitive industry is like a purely competitive industry in that: Multiple…

A: Monopolistically competitive firms earn zero economic profit within the end of the day as do…

Q: Based on the information given, indicate whether the following industry is best characterized by the…

A: In a market, the four-firm concentration ratio is used by the researchers to know the type of the…

Q: In which market structure do firms exist in very large numbers, each firm produ an identical…

A: The market structure is classified into many types, such as, perfect competition, oligopoly,…

Q: Which of the following markets would have the least amount of concentrated power? Oligopolistic…

A: Market concentration is a measure that indicates the decision making power that small firms have in…

Q: With the aid of practical examples ,distinguish between the following concepts ,a)increasing returns…

A: Increasing returns to scale and decreasing returns to scale Returns to scale refer to the ratio of…

Q: In which type of markets is product differentiation used by producers as the dominant, most common…

A: Since you have asked two multiple choice questions at once. Due to our authority guidelines we can…

Q: hey i was doing my econ homeowrk to study for my test and I wanted help with number one just to be…

A: The basic characteristics of pure competition are – Very large number of firms and No control over…

Q: Assume firms in the short run are earning above-normal profits. Explain what will happen to these…

A: Normal profits(π) imply zero profit(π). This is the case where the total revenue(TR) equal to total…

Q: When two firms supply identical products to an isolated local market and do not collude, the market…

A: Market refers to the place where buyers and sellers interact with each other and doing making the…

Q: The covid-19 virus has caused a high demand for three brands of vaccines Johnson and Johnson,…

A: Demand is the total quantity of commodities for which the customers are ready to pay different…

Q: Question 2 Bob and Alice are duopoly competitors for ice cream in Venice Beach, CA. Market demand…

A: a)

Q: What are the relative advantages of buying a good or service produced by a firm in an oligopoly…

A: ANSWER   The relative advantages of buying a good or service produced by a firm in an oligopoly…

Q: When there are only TWO (2) producers within an industry, this situation is called a/an…

A: A monopoly is the sole producer of a good.

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A: It is an example of price leadership. because Price leadership describes a situation in which a…

Q: Evaluate the following statement: “Managers should specialize by acquiring only the tools needed to…

A: The given statement “Managers should specialize by acquiring only the tools needed to operate in a…

Q: A group of firms that gets together to make price and output decisions is called. Single choice.…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: Relate how the ability of monopolistic competition to deliver product differentiation helps to…

A: Monopolistic competition is considered imperfect competition, wherein many producers exist who sell…

Q: Market Structure Characteristics EXAMPLE?? Pure Competition Many firms Many buyers Many firms with…

A: A market is a gathering area where buyers and sellers may meet in order to enable the exchange or…

Q: Describe the four market structures of Perfect Competition, Monopoly, Monopolistic Competition, and…

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

Q: An industry comprised of a small number of firms, each of which considers the potential reactions of…

A: If the industry consists of a small number of firms each having a potential reaction of its rivals…

Q: Mr Ho’s Chinese restaurant is in a small country town, 50km away from the next nearest Chinese…

A: A market structure differentiates between different industries or firms on the basis of various…

Q: Explain five types of pricing strategies adopted in the monopolistic competition market structure

A: 5 types of pricing strategies in monopolistic competition market. Competition based pricing Cost…

Q: or there may be more than one market type for each characteristic. Price is equal to marginal…

A: 1) price is equals to MR under perfect competition.  Option D, pure competition 2) barriers are the…

Q: A firm's influence over the price of the good produced in monopoly, oligopoly, monopolistic…

A: In perfect competition, there are large no. of buyers and sellers, and each product is perfect…

Q: Indicate which statement is true and which is false. If false explain the reason behind it. Merely…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: A market with significant barriers to entry and a single price-setting firm. A market with no…

A: There are various market structures in the economy: perfect competition, monopoly, monopolistic…

Q: Based on the information given, indicate whether the following industry is best characterized by the…

A: Perfect competition is a market structure, which is characterized by a large number of buyers and…

Q: Indicate the advantages and disadvantages of each market structure (perfect competition, monopoly,…

A: Introduction We have different forms of markets like perfect competition, monopoly, monopolistic…

Q: Describe three possible barriers to entry that may be used to maintain monopolistic conditions in an…

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…

Q: Why might some people claim that the breakfast cereal industry is monopolistically competitive but…

A: Monopolistically competitive market is a market where large number of seller selling differentiated…

Q: The practice of product differentiation in the monopolistic competition market enables firms to…

A: Monopolistic competition: Monopolistic competition may be a market system within which an outsized…

Q: d a Rothschild index of 0.34.  Industry B has a four-firm concentration ratio of 0.0001 percen

A: The Herfindahl-Hirschman Index is a common measure of market concentration and is being used to…

Q: Since products are differentiated in_____ each firm faces a downward sloping demand curve, and firms…

A: There are different market structures with different characteristics like number of firms, entry…

Q: In general, oligopolists compete a )     on quality alone. b )     on price, R&D, and marketing and…

A: In general, oligopolists compete a) on quality alone. b) on price, R&D, and marketing and…