How many real industries can you name that are oligopolies? How many operate under monopolistic competition? Perfect competition? Which of these is most difficult to find in reality? Why do you think this is so?

Q:   identify and describe a real world example of an oligopoly. What characteristics of this…

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

Q: Agriculture, or farming, is a decent example of which type of economic market? a. oligopoly b.…

A: Agriculture or farming is mostly considered as perfectly competitive market because homogeneous…

Q: monopolist

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

Q: Describe the characteristics of a firm in a monopolistically competitive industry and that of an…

A: Market structure- It is the nature and degree of rivalry in the market for goods and services.

Q: Monopolistically competitive firms are similar to monopolies in that they tend to charge a high her…

A: There are various forms of market structure. These include perfect competition, oligopoly, monopoly,…

Q: Monopolistically competitive firm are similar to monopolies in that they are able to earn economic…

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: Which of the following is one of the key differences between monopolistic competition and oligopoly?…

A: The term "market" refers to a system that facilitates the buying and selling of products and…

Q: If monopolistically competitive firms have some control over their price, why don’t they set price…

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

Q: Complete the table below by indicating the characteristics of each market structure. Number of…

A: There exists four market structures as stated below Perfect competition Monopolistic competition…

Q: Describe the types of inefficiencies that derive from monopolistic competition.

A: Market structure in an economy can be defined as the organizational characteristics of a market.…

Q: If firms in oligopoly make less than monopolistic even though they invest more money to run the…

A: Entry and exit barriers are inadequate in monopolistic competition. As monopolistic dominant and…

Q: A goods market has many buyers and many sellers, and its largest company produces a small amount of…

A: We are going to discuss the characteristics of each type of market structure to answer this…

Q: Consider some of the products that are widely advertised on television. By what kind of firm is each…

A: Perfectly competitive market: - it is a market condition where there are many buyers and many…

Q: which situation at the following, _______ is the market dominated by only one seller/company?…

A: Types of market structures  Perfect Competiton Monopolistic Competition Oligopoly Monopoly  The…

Q: Inefficiency exists in all market structure except? a.  (Monopolistic competitive market) b.…

A: An efficient market is a market structure where the price of the market reflects all the relevant…

Q: Why do oligopolies exist? Oligopolies exist due to barriers to entry network externalities intense…

A: Different market structures are categorized on the basis of the number of buyers and sellers, the…

Q: Which of the following markets would have the least amount of concentrated power? Oligopolistic…

A: Market concentration is a measure that indicates the decision making power that small firms have in…

Q: Please provide examples of firms that belong to industries that are perfectly competitive,…

A: Given below are the types of market structure and their examples Perfectly competitive market: There…

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 why firms operating in monopolistically competitive markets probably  will not earn an…

A: Monopolistic competition refers to the situation where there are many firms exists in the market.…

Q: Which of the following market structures best describes the pharmaceutical industry? a.…

A: Market structure in economics is called how enterprises are classified and classed by the items they…

Q: Which of the following market types has only a few competing firms? a. perfect competition b.…

A: Perfect competition, oligopoly, monopoly, monopolistic competition are types of market structures.…

Q: Assume firms in the short run are earning above-normal profits. Explain what will happen to these…

A: Normal profits(π) imply zero profit(π). This is the case where the total revenue(TR) equal to total…

Q: If one were to discuss why the term "monopolistic competition" is used, the best description would…

A: Out of the 4 market structures one of the market structure is the Monopolistic competition.

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

A: * ANSWER :-

Q: Why do oligopolies exist? List five or six oligopolists whose products you own or regularly…

A: A market is a place that facilitates the interaction between the producers and the consumers in the…

Q: The four types of market structures we study in economics are perfect competition, monopoly,…

A: In Economics there are a wide range of market frameworks that exist, contingent upon the business…

Q: Which of the following market structures has the fewest number of large firms? a. Monopolistic…

A: Firms in the market compete with each other in order to maximise their profits. Market structure is…

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: 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: List four goods or services produced by an oligapolist that you have purchased. Why are these…

A: Four goods or services produced by a producer engaged in oligopoly are as follows.  Automobiles…

Q: Why is mutual interdependence important under oligopoly, but not so important under perfect…

A: A Market is defined as a place where buyers and sellers come together to facilitate the exchange of…

Q: An industry comprised of a small number of firms, each of which considers the potential reactions of…

A: If the industry consists of a small number of firms each having a potential reaction of its rivals…

Q: roduct differentiation is an important characteristic of ______________. a. Oligopoly. b. Perfectly…

A: Product differentiation refers to the case where the products offered by different firms have some…

Q: If Amazon sells dozens of similar types of pencils at slightly different prices, we might assume the…

A: In Economics, different markets are classified based on the nature of competition in the market…

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: If Sam and Jack each produce the same quantity of appointments as would be produced in perfect…

A: Perfect competition is the name given to an ideal market system. Under a perfect competition model,…

Q: Why do oligopolies exist? List five or six oligopolists whose products you own or regularly…

A: Oligopoly is distinguished from monopolistic competition by being composed of few firms (not…

Q: we know that the perfumes are differentiated. So what kind of market is the perfume market is it a…

A: We know that the perfumes are differentiated. So the perfume market is the Monopolistic Competition…

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: Which of the following statements is true about the difference between monopoly and monopolistic…

A: A monopoly business model is what is going on where there is a solitary vendor on the lookout. In…

Q: Which of the following market types are allocatively efficient?   Question    Monopoly…

A: In economics, market structure refers to how different industries are classed and distinguished…

Q: Indicate the advantages and disadvantages of each market structure (perfect competition, monopoly,…

A: Introduction We have different forms of markets like perfect competition, monopoly, monopolistic…

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: Why might some people claim that the breakfast cereal industry is monopolistically competitive but…

A: Monopolistically competitive market is a market where large number of seller selling differentiated…

Q: Compare and contrast the way that monopolistic competitors set price with the way that perfectly…

A: In general equilibrium theory, "perfect competition," sometimes known as "atomistic competition," is…

Q: What are the “monopolistic” and the “competitive” elements of monopolistic competition?…

A: Monopolistic competition is a market structure which combines elements of monopoly and competitive…

Q: Firms compete in different types of market structures. In the real world, most markets are either…

A: Answer to the question is as follows :