Q6. Jawal and Watanya represent an oligopoly environment, discuss the main features for such environment, by mentioning the factors that shape oligopoly environment and reflect it to these two companies in the Palestinian market.
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- One of the predictions of the oligopoly model is that: non-price competition is uncommon and price-cutting competition among rivals is common. O prices tend to remain relatively stable despite short-run fluctuations in market demand. the firms' costs of production (raw material, labor, advertising) remain constant over time. only one buyer (monopsony) will result in the long run. MacBook Pro -> G Search or type URL %23 3 4. 7 8 W R YOligopoly is the market where few sellers, each offering similar or identical product to the others. а. Т b. Fmether to produce a low output or a high output. nese output strategies with corresponding profits are depicted in the ayoff matrix to the right. Kuwait's profits are in red and Saudi Arabia's are in blue. Suppose the two countries form a cartel. What is the cooperative equilibrium? Kuwait O A. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a high output. Low Output High Output O B. A cooperative equilibrium does not exist for this game. $125 $75 Low Output O C. The cooperative equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a high output. $8 $13 Saudi Arabia O D. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a low output. $98 $70 E. The cooperative equilibrium is for Saudi Arabia to broduce a low output and Kuwait to produce a low output. High Output What is the Nash equilibrium for this game? O A. The Nash equilibrium is for Saudi Arabia to produce a high…
- What is the distinguishing characteristics of oligopoly in relation to the other forms of the other market organizations? What is its significance? In which sector of the Zambian economy is oligopoly most relevant? An oligopolistic firm from the telecommunication industry in Zambia follows demand-and-cost situation in 2009.Price in ZWK Quantity Total cost20 7 3619 8 4518 9 5417 10 6316 11 7215 12 81i. How much output should the oligopolistic produce? What price should it charge and what is the maximum profit can this firm earns?why demand curve in oligopoly market is downward slpoping?Compare the quantity and price of an oligopoly tothose of a perfectly competitive market.
- What are the number of firms in a oligopoly and what is the price control of product by individual firms.Four Seasons Hotels is a Toronto, Canada–based manager of luxury hotel properties. They have 92 properties located inmany of the world’s most popular tourist destinations and business centers. Identify and discuss which international strategy and which mode of entry could be used by Four Seasons when entering foreign markets. Explain the logic behind Four Seasons international strategy. Answer this question in 400 wordsRefer to the table below to answer the following questions. Table 14.2.10 Fim A Comply A: Sim Cheat A $1 Sm Comply B Sim B-S05m Firm B A:-50.5m A0 Cheat B $15m B:0 Refer to Table 14.2.10. Firm A and Firm B are the only producers of soap powder. They collude and agree to share the market equally. The equilibrium a dominant strategy equilibrium because the strategy in this game is for a firm Select one O A is to comply regardless of the other firm's choice O B.is to comply when the other firm cheats and to cheat when the other firm complies O Cis not to comply when the other firm complies and to cheat when the other firm cheats OD. is to cheat regardless of the other firm's choice OEis not to comply when the other firm cheats and to cheat when the other firm complies 219 PM
- Suppose that firm A and firm B repeatedly face the situation presented in the table below, and the interest rate is 40 percent. The firms agree to charge a high price each period, provided neither firm has cheated on this agreement in the past. Fir m B Firm A Price Low High Low 0, 0 50; -40 High -40, 50 10; 10 What are firm’s A profits if it cheats on the collusive agreement? What are A’s profits if it does not cheat on the collusive agreement? Does equilibrium result where the firms charge the high price each period?output of oligopoly market is less/more or equal compare to the output of a perfect competitive market?