MC ATC AVC MR, MR2 P, -MR, Quantity Refer to the above diagram. All data are for the short run. The firm represented in this diagram is selling under conditions of: Dollars
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- Subject: Manegerial economics & policy Mcq's 14) A petroleum industry is an example of a) monopoly b) Perfect Competition c) oligopoly d) monopolistic competition 15) Which of the following is an example of natural monopoly a) vegetable markets b) clothing retail shops c) natural gas d) None of the aboveY5 The new food delivery company DoorDash is thinking of entering New Zealand. Its rivalry is the existing UBER Eats. Both these companies simultaneously choose whether to operate in January, February, March, or April, or not to operate at all. Thus the strategy set for both these companies is {January, February, March, April, or Not to Operate}. Assume that the profit received by a monopolist in month m (where a monopoly means only one company is operating) is 10 x m – 15, whereas each duopolist (so both are operating) would earn 4 x m – 15. A company makes zero profit for any month that is not operating. Also, the value of m while calculating the profits for a particular month in the above equations is as follows {January = 1, February = 2, March = 3, April = 4}. The payoffs of the strategic form of this game are the sum of the profit of all the months. For example, if DoorDash operates in February and UBER Eats in March, then DoorDash earns zero profit in January; 5 (=10 x 2 - 15)…Ellen publishes a book titled "First Place", which included a chapter from Frank's copyrighted book "Great Racear Drivers" without his permission. Ellen's use of the chapter is actionable regardless of whether consumers are confused or Ellen and Frank are competitors only if the consumers are confused only if Ellen and Frank are competitors only if consumers are confused and Ellen and Frank are competitors
- Define the various features of oligopoly market . Need plagiarism free ans please.When 40%<CR4<60%. a. effective competitive b. tight oligopoly c. effective monopoly d. loose oligopolyAn oligopolist faces a kinked demand curve. In your own words, describe why firms face this situation. Theory says that oligopolies should stick to the $500.00 price to maximize revenue (see the graph above). Use the graph pictured to calculate elasticity and total revenue in the elastic, inelastic, and unit elastic portions of the demand curve at the price and quantity points specified to explain the theory.
- Pls help with below homework. Is it possible to happen non-collusive behaviour i the price leadership model of Oligopolies ? Please explain briefly and answer should be at least 7-8 sentences with real life examples.Subject: Menagerial economics & policy Mcq's 8) A few firms dominating an industry is an example of a) oligopoly b) monopoly c) monopolistic competition d) None of the above 9) A market structure in which many firms sell products that are similar but not identical is known as a) monopolistic competition b) monopoly c) perfect competiion d) oligopolyQuestion 20 In the market for a brand name medicine with a single company selling the medicine, that company is a_______Eventually, the government lets other companies sell the medicine as a "generic" alternative to the brand name. The effect of this increased competition is to_______ the medicine's price.O. monopoly, decreaseO. oligopoly, decreaseO. monopoly, increaseO. oligopoly, increase
- b) A collusive equilibrium at the monopoly priceJustify why the firms belong to such by pointing out the characteristics. a) monopoly: Agusan del Norte Electric Cooperative, Inc. (ANECO) b) monopsony: Holcim c) oligopoly: Mitsubishi d) monopolistic: Pizza HutEconomics all parts please definetlu u get upvote and good rating 1) wich of the following is not an assumption of the theory of monopoly? Group of answer choices there is only one seller in the industry the seller sells a product for which there are no close subsitutes the seller has high variable costs there are high barriers to entry into the industry 2) which of the following is the best example of a barrier to entry into a monopolistic industry? Group of answer choices diminishing returns economies of scale comparative advanage high elasticity of demand 3) a price searcher Group of answer choices faces a horizontal demand curve is a seller that searches for good employees and pays them low wage is a seller that searches for the best price at which to buy its nonlabor inputs is a seller that has the ability to control, to some degree the price of the product it sells 4) the marginal revenue curve lies above the demand curve for a Group of answer choices monopoly firm…