What is the minimum number of firms required for an industry to be an oligopoly? a. many b. 100 c. 1 d. 3

Q: Explain what competition? What is the types of competitions? Discuss Perfect competition?Oligopoly –…

A: Competition is a Major Force in the market to determine the prices of products and quality of…

Q: Considering all four market structures, which of the following occurs only in an oligopoly? a. A…

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Q: With the aid of a diagram explain how a monopolist determines how much output to produce and what…

A: a) Monopolist sets the prices and output level where marginal revenue is equal to the marginal cost…

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

A: Oligopoly is the form of market organization in which there are very few sellers of a homogenous or…

Q: What is the solution method used by economists for the oligopoly market structure? Game Theory Price…

A: An oligopoly market structure is a market structure where there are few sellers. This implies that…

Q: As the Disney and Warner brothers are the examples of Oligopolistic industry so they must use game…

A: a) If Warner Brothers choose to make superman, then given the matrix, Disney would choose pirates of…

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

A: In oligopoly market there are only few firms and they produce goods which are close substitutes and…

Q: Write a sentence or two defining the following terms in your own words. Give examples of each. a.…

A: A) oligopoly is a Market structure in which there are few big sellers selling substitute goods . In…

Q: Explain why firms in an oligopoly have an incentive to collude, andwhy they might fail to do so.

A: An oligopoly is a form of imperfect competition that has a small number of sellers and a large…

Q: 1. 90%>CR4>60%. a. effective monopoly b. effective competitive c. tight oligopoly d. loose…

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Q: 1. The assumed goal of firms in the marketplace is to: a maximize sales. b maximize revenue. c…

A: The way in which classification and differentiation of different are done which is being based upon…

Q: Discuss the major barriers to entry into an industry. Explain how each barrier can foster either…

A: ANS There can be various factors that create the barrier to entry and thus can reduce competition…

Q: Question 6 (a) Why is Perfect Competition considered to display high level of economic efficiency?…

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Q: Three examples of oligopolies in the United States are industries that produce or sell OA. DVDs,…

A: In oligopoly marker, there is many number of buyers but only few number of sellers.There is product…

Q: ii)Do you think oligopoly markets operate efficiently?

A: Oligopoly is a market form where there are less firms with large share of market, barriers to entry…

Q: . compare the quantity and price of an oligopoly to those of a monopoly 2. compare the quantity and…

A: Definitions: Monopoly Oligopoly There is a single producer in the market. Huge barriers to…

Q: Firm Market Share Nokia 36% Fujitsu 3% Kyocera 3% LG %9 16% Motorola Samsung 6% 4% Sanyo Siemens 7%…

A: since you have asked multiple question and according to our policy we will answer the first…

Q: What is an example of a firm that operates in an oligopoly? The firms that produce _ operate in…

A: Oligopoly is the market structure where a few firms have large market shares. There is no limit for…

Q: Explain what is Oligopoly and duopoly? Are firms in Oligopoly large firms or small firms? What is…

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Q: Oligopoly t. Induced u. Inelastic Demand

A: Microeconomics: It is a part of economics in which the consumption of individuals will take into…

Q: Make a case that neither pure competition nor pure monopoly is conducive to a great deal of R&D…

A: A purely competitive market comprises a large number of small firms that produce and supply goods or…

Q: Question 2 Explain the shape of an oligopolist's demand curve Question 5 Define a collusive…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 11. (Oligopoly Behavior) Why is firm behavior under oligopoly so difficult to predict?

A: An oligopoly is a market which is dominated by a small group of large sellers (oligopolist). It has…

Q: In relation to degree of concentration, CR4<40%?   a. tight oligopoly   b. effective…

A: The concentration ratio reflects whether an industry is made up of a few giant companies or a large…

Q: 4. Which of the following is not an example of a firm in oligopoly market: A. Your local broadband…

A: Meaning of Oligopoly Market: The term oligopoly market refers to the situation under which there…

Q: The task to complete is to create a market scenario for a branded handbag. (You can google handbags…

A: Monopolistic competition is a market structure in which a large number of companies produce products…

Q: i)Do you think monopolistic competetion markets operate efficiently?

A: NOTE:We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Vhy oligopoly firm earns abnormal profit in the long run, while a competitive firm earns normal…

A: There are two types of firms in a market: Perfectly competitive firm Imperfect competitive firm In…

Q: 1. There are 10 firms in an industry, and each firm has a market share of 10 percent. The industry’s…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Briefly explain how firms compete/set price under the Oligopoly market structure. Provide relevant…

A: The oligopoly is the market structure where the number of firms is less in market. There is a…

Q: (a) There are two companies in the world that produce large passenger aircraft, Boeing, and Airbus.…

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

Q: How does a commitment to match any price cuts by other firms work to limit price competition in an…

A: In the oligopoly market, there are few firms which dominate the market. It is a highly concentrated…

Q: Who was one who developed duopoly model in the economics??

A: According to the given question In simple words we can say that a duopoly model is an model which…

Q: Q1. Firms in oligopoly must constantly think in terms of how other firms in the industry will react…

A: Market structure alludes to how various businesses are ordered and separated in view of their…

Q: What are the main characteristics of oligopoly? How does output and price compare to that of perfect…

A: A market is said to be in an oligopoly when there are just a few businesses selling products,…

Q: 16 When does a kinked demand curve occur? A When one firm in a duopoly cuts prices and forces the…

A: In the oligopoly market, there are few firms which dominate the market.  It is a highly concentrated…

Q: Explain why an oligopolist (with few competitors) pays more attention to what its competitorsare…

A: Oligopoly is a market structure where there are few sellers dominating the market and many buyer. In…

Q: Q 03: How do oligopolies works? Give one example of each? How is the market structure different on…

A: There are four major types of market structures in the economy: perfect competition, monopoly,…

Q: 25. Figure 1.7 represents an oligopoly firm. The existing price and quantity are $10 and $2,000…

A: In oligopolistic competitive market, firms are interdependent. Actions of one firm affects the…

Q: 4 If oligopolies compete hard against each other, which of the following will likely occur? A They…

A: When the oligopolies firm is competing for each other very hard then act in the market like perfect…

Q: Figure 1.7 represents an oligopoly firm. The existing price and quantity are $10 and 2000 units. The…

A: "Oligopoly markets are markets which consists of small number of large firms. An example of an…

Q: Figure 1.7 represents an oligopoly firm. The existing price and quantity are $10 and 2000 units. The…

A: The structure of the market where there exist few sellers or [roducers in the market who tend to…

Q: if two firms (firm A and firm B) are competing selling T-shirts, both at $12 per shirt, both have a…

A: Provided that both the firms are competing with each other directly, the new marginal price cue to…