Brand proliferation in an oligopolistic industry... a. Allows new entrants to the industry to gain significant market share. b. Allows easier entry to a new

Economies of scale are the defining characteristic for which of the following? * perfect competition oligopoly monopolistic competition game theory O natural monopoly

Oswald Odd consumes only goods 1 and 2. His utility function is U(x1, x2) = (x1x2) + min(x1, x2). Each of Oswald's indifference curves is Select one: a. L-shaped. b. is a diamond-shaped figure consisting of four line segments. c. is smooth and has no kinks. d. made up of three line segments with slopes 2, 1, and 1/2. e. made up of two line segments with slopes 2 and 1/2.

Consider a type of product whose market structure is monopolistic competition. In the shift from no trade in this type of product to free trade Multiple Choice a country will export the product only if the world price is higher than the country's no-trade price. the number of varieties or models of this type of product available to consumers will increase. factor prices in a country will change by large amounts If most of the country's trade in this type of product is Intra-Industry trade. the extra demand from foreign buyers for this type of product will increase the product price.

PRICE (S) 10 0 D2 DI OD LED 1. D₂ED 2- D₁ED 2. OD ₂ED 1¹ 2000 QUANTITY DI D2 Marigold Residence is an oligopoly. Marigold's rivals will not match price increases but will match price decreases. Consequently, the firm's demand curve will be (from left to right)

Suppose there are two distinct industries - (1) the fast-food industry and (2) the sporting goods industry. Classify each industry into one of the following market structures. (Minimum word requirement: 100 words) Perfect competition Monopoly Monopolistic competition Oligopoly