An oligopolist cares very much about what other firms in her industry are doing. true or false

Companies like Amazon and Facebook and Google are so dominant that they really have very little competition.  Even when new companies like Zappos and Diapers.com threatened it, Amazon bought up both companies.  Facebook did that with WhatsApp and Instagram.  Is that healthy competition or monopoly/oligopoly power? Discuss.

true or false The oligopolist reduces the price of the good by 10%, but the competitors reduced their prices by 8%. As a result, the oligopolist only attracts only an additional 5% consumers from his competitors, This will reduce the total revenue of the oligopolist.

An oligopolist faces a kinked demand curve.   Why do firms face this situation?

In a market where firms are monopolistically competitive: Group of answer choices There is one firm that produces a standardized product. There are few firms, each producing a very differentiated product. There are market participants who are all price takers. There are many firms producing a differentiated product.

MARK ALL ANSWERS THAT APPLY: Prices in an oligopolistic market will tend to be: the same as they would be in a monopoly higher than they would be in a monopoly lower than they would be in a competitive market lower than they would be in a monopoly higher than they would be in a competitive market

If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about a) the extent of competition. b) regulatory recapture. c) taking advantage of economies of scale. d) new ways of pleasing customers.

In general, oligopolists compete a )     on quality alone. b )     on price, R&D, and marketing and advertising. c )     on many dimensions except for price. d )     on price alone.