What are the incentives for firms in an oligopoly to collude or work together? Has price collusion happened in the past?

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: In a non-collusive oligopoly if one firm increased its price what would the other firms likely do?…

A: Oligopoly is a market structure in which there are few sellers. There are many buyers in oligopoly…

Q: Why is there an increased incentive for collusion among oligopoly firms?

A: The oligopoly market is a market structure which is characterized by the presence of a small number…

Q: Q2) Will the firms in oligopoly act more like monopoly · competitors. explain or

A: Microeconomics studies the economic behavior of individual units such as a market, a firm, a…

Q: Explain the kinked demand curve theory on an oligopoly. Include in your answer a discussion of a…

A: Oligopoly: The term "oligopoly" is derived from two Greek words, "Oligos" means 'a few' and "Polis"…

Q: What is the characteristics of oligopoly. Please explain

A: An oligopoly basically refers to a market arrangement in which two or more companies dominate the…

Q: What is the non price behavior of an oligopoly market structure and examples

A: Oligopoly is a market structure where there are small number of large firms. The firms are…

Q: In the future, do you expect more industries to resemble an oligopoly market structure?

A: An oligopoly is a market arrangement in which a small number of enterprises can exert significant…

Q: Why does price leadership sometimes evolve in oligopolistic markets?

A: Price leadership refers to the competiton among firms to get some control over market price and…

Q: Are monopolistically competitive firms likely to earn economic profits in the long run? Are…

A: Monopolistic competition is a market structure where large number of sellers exist in the market and…

Q: Explain the concept of Oligopoly with help of Maggi noodles in the Indian Market

A:

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

A: An oligopoly could be a market with a little number of enterprises that recognize their pricing and…

Q: Why does the interdependence of firms play a major role in oligopoly but not in perfect competition?

A: Markets can be divided on the basis of number of sellers and ease of entry and exit from the market…

Q: Why is an oligopoly market the most common one

A: An oligopoly is a market structure in which a small number of large sellers dominate a market or…

Q: One of the predictions of the oligopoly model is that: non-price competition is uncommon and…

A: An oligopoly is a business system in which only a few companies compete. Firms are mutually…

Q: How is Oligopoly competition different from monopoly competition?

A: There are various forms of market competition, oligopoly and monopoly are two of them.

Q: Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at…

A: * ANSWER :-

Q: If a group of sellers could form a cartel, what quantity and price would they try to set?

A: Hi! thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: The term oligopoly indicates

A: Oligopoly may be a market structure with alittle number of firms, none of which may keep the others…

Q: Explain oligopoly?

A: There are different types of market structures identified on the basis of information available,…

Q: Offer one reason why it is difficult for oligopoly firms to sustain a cartel.

A: An oligopoly is a market arrangement in which a small number of significant sellers or producers…

Q: What is cartel in oligopoly?

A: An oligopoly is a market arrangement in which a small number of enterprises can exert significant…

Q: What is the definition and characteristics of oligopoly market structure?

A: Oligopoly-market is a market where there are a few sellers serving a large number of buyers. Firms…

Q: Outline the characteristics of an oligopoly and explain why firms in this particular market…

A: There are many types of market structures in an economy based on the type of good they sell, the…

Q: How is an oligopoly market different from monopolistically competitive market in respect of price…

A: In oligopoly, there are lesser number of firms and they own large shares of the market, whereas in…

Q: An oligopoly can be characterized by production of either identical goods or differentiate goods.…

A: Market structure: It means the nature and degree of competition for goods and services in the…

Q: what is oligopoly market structure and its main features.

A: There are many types or forms of market. Some of them are: 1. Perfect competition 2. Monopoly 3.…

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

A: In simple words we can say that oligopoly market is an market where the numbers of the sellers are…

Q: What are the major characteristics of a firm competing under conditions of monopolistic competition?…

A: 1.The monopolistic competition is the market condition in which there are many producers and they…

Q: Explain the Kinked Demand Curve and the reason for the rigidity in prices under oligopoly?

A: An oligopoly market structure is a place where are few number of sellers selling homogenous or…

Q: What are the main features of a oligopoly market structure. Explain in detail with explanation of…

A: A market is a set of systems, institutions, procedures, social interactions, or infrastructures that…

Q: Compare the quantity and price of an oligopoly tothose of a perfectly competitive market.

A: Perfect competition (PC) is a market structure where there are innumerable firms and buyers such…

Q: Will the firms in an oligopoly act more like a monopoly or more like competitors?

A: Oligopoly is a market structure refers to the situation in which few firms enjoy the whole market…

Q: What are the main features of oligopoly market structure ?

A: main features of oligopoly market are as follows :- 1. Few sellers  2. Interdependence among sellers…

Q: Why does interdependence of firms play a major role in oligopoly but not in perfect competition or…

A: The firms in a market of oligopoly are very few yet huge, producing similar commodities and…

Q: Can excess profit be earned in an oligopoly?

A: Oligopoly is a market structure in which few sellers operate in the market.

Q: Economists believe that oligopoly firms have a kinked demand curve. Explain why the oligopoly demand…

A: Oligopoly is an imperfect market condition, which is characterized by a few sellers,…

Q: Describe an oligopolistic market structure. What alternatives to price competition exist in such…

A: Oligopolistic market is a structure where there are few sellers who are in competition with with…

Q: Which of the following industries is a good example of oligopoly?     Answers: A.  Athletic shoes…

A: Oligopoly: - it is a market condition where there are few firms or sellers in the market selling…

Q: What is the name for a group of firms operating in an oligopoly that have a formal agreement to…

A: Oligopoly Market: It is a market situation where few sellers exist and this market lacks uniformity.…