if the members of an oligopoly could agree on a total quantity to produce,what quantity would they choose?If the oligopolists do not act together but instead make production decisions individually,do they produce a total quantity more or less than in your answer to previous question?why?

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: What does the prisoner’s dilemma teach us about the behavior of oligopolists?   Group of answer…

A: Game theory is the analysis of how interacting choices of economic agents generate outcomes that are…

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

A: Oligopoly: There are only a few but large producers/firms, who have catered to a huge group of…

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: If the members of an oligopoly could agree on a total quantity to produce, what quantity would they…

A: A oligopoly market consists of few sellers concentrating the market supply. They manage the market…

Q: Why are firms said to be independent in an oligopoly market? Explain

A: # out of the four market structures the market structure which is categorised by few sellers is…

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: Identify the conditions under which a firm operates in a Sweezy, Cournot, Stackelberg, or Bertrand…

A: Conditions under which a firms operates in a Sweezy Oligopoly:This type of Oligopoly doesn't deal…

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: AT&T competes against several other cell phone providers. Products are slightly different and…

A: AT&T Inc. is a company in the US  which is headquarters in Texas but has multinational…

Q: How can a kinked demand curve indicate that the firms in the oligopoly will continue to behave as a…

A: The cartel is the form of agreement between the firms in the oligopoly market which results in the…

Q: What are the distinguishing features of oligopoly?

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

Q: A profit-maximizing price searcher will expand output as long as marginal revenue either exceeds or…

A: An oligopoly is a market structure that is characterized by the presence of a few large firms in the…

Q: What is the primary difference between oligopolistic "coopetition" and cartel behavior? Group of…

A: In oligopoly, there are few large firms in ge market. The god can be identical or differentiated.

Q: Suppose there are two airlines, A and B, competing for the market of route from New York to…

A: Introduction Oligopoly is sometime referred as competition among the two. We can simply defined…

Q: what are oligopoly firms? can you identify the main characteristics of firms in an oligopoly market?…

A: An oligopoly can be defined as a market structure in which a small number of firms or seller sells…

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: 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: Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of…

A: find the answer below.

Q: The diagram illustrate an industry under oligopoly consisting of 10 equal-sized firms, and a…

A: Cartel refers to the agreement between the cartel firms to restart the output at the monopoly level…

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: Under what conditions are oligopolists likely to reach the cooperative outcome? Select an answer and…

A: Oligopoly is such a market condition where there are few big sellers and they are selling…

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: Explain why government is usually more concerned about regulating an oligopoly than…

A: Monopolistic Competition is a market structure described by a separated item and opportunity to…

Q: If the oligopoly members agree on a total quantity to produce, what quantity would they choose? Why?

A: Oligopoly is the market shared by a small number of producers and sellers.

Q: ) Discuss three parameters for firms operating in an oligopoly market.  b) Even when allowed to…

A: An oligopoly market is that form of an imperfect market structure where more than two or many…

Q: Which of the following apply to oligopoly industries? Select one or more answers from the choices…

A: Imperfect market structures are those markets where individual firms have the power to influence the…

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

A: Market Structure:-  It is described as a set of qualities that determine a market's kind.…

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: Which is an example of a differentiated oligopoly? Multiple Choice The cement industry The beer…

A: Oligopoly can be categorized as differentiated and undifferentiated oligopoly. An oligopoly where…

Q: Sometimes oligopolies in the same industry are very different in size. Suppose we have a duopoly…

A: Firm A: If firm A cheats and firm B colludes than firm A will get maximum payoff. But if firm B also…

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: Should competitors work together in an oligopolistic market?what is it called if they do,and is it…

A: One of the feature of oligopoly is interdependence between firms.

Q: In an oligopoly market structure, firms profits are interdependent. True False

A: An oligopoly market structure is a market where there are few sellers regulating the supply of the…

Q: Can excess profit be earned in an oligopoly?

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

Q: If the members of an oligopoly could agree on a total quantity to produce, what quantity would they…

A: Oligopoly is a market form which has a few firms operating into the market and selling homogenous or…

Q: What is the cost to a firm in an oligopoly that fails to take its rivals’ actions into account?

A: Oligopoly is the form of market with large number of buyers and few but big sellers, selling similar…