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

Q: What does the Chamberlin Model of price determination under duopoly assume?

A: Oligopoly is the marketplace where fewer sellers share the whole market and competing with each…

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

A: The perfect competition is characterized by the large number of buyers and sellers in the market.…

Q: Define the following terms: a. Cartel- b.Collusion- c. Prisoner’s dilemma- Do cartel or…

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

Q: Provide and briefly explain the various oligopoly models.

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

Q: Does an oligopolistic firm have a supply curve? WHY or WHY NOT? Explain with graph

A: An oligopoly is a market structure characterized by the dominance of a small number of large firms.…

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 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: Suppose we have the "classic" Cournot duopoly model, with a linear demand curve P = a - bQ And two…

A:

Q: how conflicting affecting cartels and like cartels like opec fail to reachto consensus on price and…

A: A cartel is essentially an economic coalition of producers and manufacturers that aims to manipulate…

Q: why is Commercial air travel an example of oligopoly

A: Oligopoly:  In oligopoly there are only few number of sellers in the market. It maximize its profit.…

Q: Find the attached file.

A: Product differentiation refers to the difference in the products, packaging, and other certain…

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: What is a reaction curve in an oligopolistic market?

A: Market can be classified into four major structures. THe following are the structures : Perfect…

Q: Give 12 examples of oligopoly markets or industries can you think of.

A: Oligopoly refers to a market where a small number of large firms have all or most of the sales in an…

Q: As soon as possible . Thank you 1.Show a duopoly diagram with the four boxes and explain the Nash…

A: Nash equilibrium is that combination of choices where each player is maximizing its own payoff given…

Q: What is cartel in oligopoly?

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

Q: How are oligopoly and monopolistic competition alike? How are they different?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Explain the edgeworth duopoly model  Give it two assumptions of the edgeworth model…

A: According to the given question  Edgeworth duopoly model is also named as the Edgeworth solution…

Q: In market structures, what are the roles of perfect competition, monopolistic competition,…

A: A market structure helps in differentiating the industries or firms on the basis of certain…

Q: Q.3 Briefly answer the following questions with the help of examples where necessary: a. Can a…

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

Q: Between Monopolistic competition and Oligopoly, which do you think is better in an economy? Why?

A: Under oligopoly, there are some sellers and a large number of buyers can be seen while the decisions…

Q: Firms in an oligopoly do not choose to compete in price. Which model is used to explain nonprice…

A: Oligopoly is a imperfect market structure where few no of firms dominates in entire market.

Q: Explain the circumstances under which cartels may fail. Refer to microeconomics and show a diagram.

A: A cartels could be a assortment of freelance businesses or organizations that conspire so as to…

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: Explain how Oligopolists are interdependent.  Give any example of your choice from different…

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

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly? Why does price…

A: Since you have posted multiple question, we will solve first question for you if you want other…

Q: explain what is the difference between firms in monopolistic competition and firms in oligopoly.…

A: In total there are 4 main market types based on how many buyers and sellers are there, is the firm…

Q: What is the difference between government granted monopolies and free market monopolies? Which one…

A: Monopoly is a form of market that has only one seller but many buyers. If there is no government…

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly?

A: Monopolistic Competition is an arrangement of the market where many firms are producing and selling…

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: 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: how do monopolies affect societys well being?

A: In case of a Monopoly there is a single seller who controls the entire market. The firm is a Price…

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: What type of demand curve do we see with oligopolistic markets?  Draw an example

A: We are going to learn concepts such as kinked demand curve and oligopolistic market to solve this…

Q: There are thousands of broadband internet providers in the country, while in a particular city the…

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

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

A: Pirates of the Caribbean.

Q: What are the advantages of collusion in economics?

A: Collusion helps to reduce competition among the firms . Collusion reduces the cost of a business.…

Q: Which benefit is shared by both monopolies and oligopolies?

A: A monopoly is a market where there is only one seller with a large number of buyers and there is no…

Q: During the covid, oligopoly should be changed to monopoly or to monopolistic competition to survive…

A: Uncertainty is described as the situation which has no probability of prediction. It is a situation…

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: In Oligopoly market, about prisoner dilemma, firms should corporate. T or F, explain.

A: In Oligopoly market, about prisoner dilemma, firms should corporate. - TRUE.