0) According to the kinked demand curve theory of oligopoly, each firm thinks that the demand urve just below the existing price is a. flatter than the curve just above the existing price. O b. has the same slope as the curve just above the existing price. O c. steeper than the curve just above the existing price. O d. None of the above, because in the kinked demand curve theory, the firms are concerned with how the kink in their supply curve affects their consumers' demands. Clear my choice

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Assume there are two firms, firm A and B, engaged in Cournot competition. The industry demand curve is given by P = 60-Q, where Q = QA+QB denotes industry output. Each firm faces a marginal cost of production equal to $30. In equilibrium, what will be the output level of firm A? O O O O 10 20 30 40

10. please quikcly thanks ! Which of the following situations would create conducive environment for the practice of effective collusive oligopoly? A. Slow increase in the number of potential producers. B. Demand curve becomes less elastic for the collusive oligopoly's product. C. Rivals ignore price cuts but follow price increases. D. All firms avoid nonprice competition.

QUESTION 4 If a monopolistically competitive market experiences economic loss in the short run then O a. some of the new firms will enter the market in the long-run, O b. some of the existing firms will exit the market in the long-run. O c. all the firms will stay in the long-run. O d. some firms will stay and some firms will leave the market in the long-run. QUESTION 5 One similarity between a monopoly firm and a monopolistically competitive firm is O both have downward sloping demand curve which is above the marginal revenue curve. O both have downward sloping demand curve which is below the marginal revenue curve. O that the demand curve for both are horizontal. O that the demand curve for both are vertical. QUESTION 6 A positive economic profits in the short-run of a monopolistically competitive market would O a. cause the market to become perfectly competitive in the long-run. O b. make no difference as no firms entering or exiting in the long-run. O. make some existing firms to…

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QUESTION 20 One key feature of a monopolistically competitive market is O a. that there are a lot of firms who sell similar goods but not identical. O b. that there are a few firms who sells the goods which are not identical. O . that there are a lot of firms selling identical goods. O d. that there are a few firms who sells the goods which are different.