which of the following statements about industries that are oligopolies is false? Select one a. An oligopoly with two firms is calleda duopaly, b. Firms in these industries may attempt to cooperate. C The fact that there is more than one firm in an oligopoly means that there are no barrien to entry d. Firms in these industries are interdependent

Q: 1. In oligopoly a.) firms compete with each other only by raising and lowering quantity because…

A: In the oligopoly market structure there are few firms which have large market share.  There is…

Q: Short answer. Write a brief response to each of the following questions about oligopolies. 1. How…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: What are some of the barriers to entry that can keep the number of sellers small in an Oligopoly?…

A: Oligopoly is defined as that market structure which has few seller selling the differentiated or…

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

A: $ values represent profit       Warner Brothers Disney Star Wars Pirates of the Caribbean…

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

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

Q: 3. There are three identical firms in the market research industry. The demand is 1- Q, where Q = q1…

A: Inverse demand function of three identical firms; P=1-Q where; Q= Q1+Q2+Q3 Marginal cost=0 a) For…

Q: 70: In depicting oligopolies, We typically use diagram (a) to depict request. Anyway we regularly…

A:

Q: When 40%<CR4<60%. a. effective competitive b. tight oligopoly c. effective monopoly d. loose…

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

Q: Do cost reductions in oligopolies usually lead to price reductions?   a.  always b.  never c.…

A: Meaning of oligopoly: Oligopoly is a type of imperfect market. It has a few firms capable of…

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

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

Q: Explain what you know about collusion and cartels, including: definition, formation of motives,…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: The president of a remote island nation has closed the borders of this country to international…

A: The economy is a closed economy so the prices are governed by Autarky.

Q: a. An oligopoly arises when have all or most of the sales in an industry. If oligopolists with the…

A: since you have asked multiple questions and according to our policy we can solve the first question…

Q: 23. Which of the following is correct about firms in an oligopoly? a. Each firm has complete control…

A: Oligopoly is a market structure, where there a few large firms.

Q: B. In oligopoly markets there are only a few sellers.

A:

Q: e competition and oligopoly when there is little or no differentiation Most product-markets head…

A: Perfect competition refers to a type of competition in which there are large number of sellers and…

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: 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: b. An oligopolistic firm maximizes profit by equating marginal revenue and marginal cost c. The…

A: Game Theory and Oligopoly: Game theory is normally best used in an oligopoly as there are a limited…

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: 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: Part 2: First Long Question There are two French bakeries in a small town: Le Meilleur Croissant…

A: As the two bakeries are now in a Bertrand price competition , both Bakeries aim to capture major…

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

A: Answers   Ans: The correct option is C D1 ED2

Q: Consider two firms in the Australia market. The table below depicts each firm’s profits, depending…

A: The dominant strategy can exist for player 1 or for player 2 or for both. It is defined as follows:…

Q: Part 2: First Long Question There are two French bakeries in a small town: Le Meilleur Croissant…

A: For the above game Bertrand price competition is possible in which the one with higher marginal cost…

Q: Which of the following is an assumption of the theory of oligopoly? O Firms produce and sell either…

A: Goods are differentiated when there is a difference in packaging, taste, or any other…

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: B. Which of the following oligopoly models is concerned with the maximization of joint profits?

A: To find: Which model is concerned with maximization of joint profits.

Q: Why do oligopolies​ exist? Do oligopolies exist due to ? a. market failure b. barriers to entry c.…

A: A market defines a platform where two or more individuals are ready to make economic activities…

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

A: In the oligopoly market the output of total market is shared by only few firms.

Q: In an oligopoly, the firm tha has the largest market share will also be the leader. True or False?…

A: The markets in the economy work upon the basis of the forces of supply, and demand. In these…

Q: The French economist Antoine Cournot developed an interesting model of competition in an oligopoly…

A: As we can see, the demand function is linear. Because when price decreases by 0.25 units, quantity…

Q: What is the minimum number of firms required for an industry to be an oligopoly? a. many b. 100…

A: Oligopoly market has few numbers of firms. So market  described in numbers of firms where the firm…

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: 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: 3. Which of the following is the basic characteristic of Oligopoly? a) a few sellers, one buyer b) a…

A: According to the given question An Oligopoly market is the type of the market in which the nature…

Q: Assume that the market for oil is made up of two firms: Exxon Mobil and Chevron. Also assume that…

A: One of the main characteristics of an oligopoly market is few sellers and homogenous products. The…

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

A: Pirates of the Caribbean.

Q: please quikcly thanks ! Which of the following situations would create conducive environment for…

A: Oligopoly market are markets overwhelmed by few providers. They can be found in all nations and…