Q: An oligopolistic market structure is distinguished by several characteristics, one of which is…
A: Oligopoly is defined as a market structure which consists of a small number of firms, which collude…
Q: An oligopoly is characterized by Selected Answer: a. a large number of firms and no barriers to…
A: In the speech of financial matters, different sorts of market structures exist in a given industry…
Q: New, small firms often have trouble competing in oligopolistic industries because they cannot…
A: it is TRUE
Q: Which of the following of goods is most likely to be sold in an oligopolistic market? smart phones…
A: Smart phones,soybeans and winter gloves have more number of competitors and firms.
Q: a cartel is a group of firms that attempts to coordination game
A: A cartel is a group of seemingly independent producers whose purpose is to maximize their collective…
Q: An industry comprising 5 firms, each with about 20 percent of the total market for a differentiated…
A: Answer - Need to find- An industry comprising 5 Firms, each with about 20% of the total market for a…
Q: In an oligopoly market, long-term profits are always zero can remain positive due to multiple types…
A: Oligopoly market has few firms selling the identical or differentiated products. There is high…
Q: a monopolistically competitive market an oligopoly market with a large number of firms competing…
A: McDonald is one of the multiple food chains in India. There are numerous other companies that…
Q: A market consisting of many sellers who sell similar but not identical products is an example of…
A: Market structure are of different forms each having its own set of features and characteristics.…
Q: Game theory can be used to analyze nonprice competition in oligopolistic markets. a. True b. False
A: Non-pricing competition:- Non-price competition is a marketing technique in which one firm attempts…
Q: Firms in an oligopoly market can potentially earn economic profits. Question 8 options:…
A: An oligopoly is a market structure that is characterized by the presence of a few large firms in the…
Q: It consist of small number of equally positioned competitors. a. stckelberg oligopoly b. loose…
A: A loose oligopoly is the one in which eight or fewer supply nearly half or more of the market share…
Q: types of products in monopoly, oligopoly, monopolistic competition and competitive market
A: There is only one type of product in monopoly market. Also there is no close substitute to this…
Q: Patents and copyrights were established by the government to reduce oligopoly and monopoly power.…
A: Patents and copyrights give exclusive rights of producing a good or technology to one firm and…
Q: main features of oligopoly market structure
A: Oligopoly is a market structure with few firms, none of which can hold the others back from having…
Q: Draw a diagram of elements of an oligopoly market structure. What sets this market structure apart -…
A: Oligopoly is a market situation when there are few firms or sellers in the market producing a good…
Q: Explain two ways in which Oligopolists make use of non-price competition measures to sell their…
A: Answer: Oligopolistic market: it refers to the market where there is a small number of sellers.…
Q: 1.What are the main features of an oligopolistic market?
A: Oligopoly is a type of market structure.
Q: One characteristic not typical of oligopolistic industry is
A: Name one characteristic not typical of oligopolistic industry is
Q: What is Oligopolistic Market Structure? Examples from Developed Countries
A: In economics, market structure refers to how different industries are classed and distinguished…
Q: Firms in an oligopolistic market ________ because they are ________. A. attempt to predict the…
A: Oligopoly is a market structure in which a small number of enterprises sell homogeneous or…
Q: Indicate if the following characteristics exist in oligopolistic market by putting a check (√) on…
A: The market refers to a place where the sale and purchase of goods or services take place to fulfill…
Q: ligopoly firms that compete with each other will have ___________ profits than oligopoly firms that…
A: Oligopoly refers to a market structure where few large firms dominate the market. There is…
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: There are two groups of firms below. Group 1: firms in the retail sector (e.g. Amazon; Wal-Mart;…
A: Monopolisitcally competitive market is the one which has a large number of buyers and sellers.…
Q: Price maker firm exists in oligopoly market structure
A: # oligopoly market structure is categorised buy few number of sellers which are interdependent on…
Q: Compare an oligopolistic industry that has a great deal of communication among its members with an…
A: An oligopoly is a market structure that is characterized by the presence of a few large firms…
Q: Using the example of a monopolistic competition market player , highlight how it competes with other…
A: Monopolistic competition can be defined as the competition in which there are large number of firms…
Q: If in Ventura county there is an oligopolistic market, where each company has a kinked demand curve,…
A: An oligopoly market structure is when there are few sellers in the market selling an identical…
Q: Analyze a Monopolistic Competition or Oligopoly Market Structure
A: Monopolistic competition is a type of market structure that lies between two extreme forms of market…
Q: Barriers or barriers to entry into the industry are the characteristics of the oligopoly industry…
A: Barriers to entry are the process of prevention new entrants into the industry by using different…
Q: An oligopolistic firm having lower costs than the other firms sets a lower price which the other…
A: We have to found following question.
Q: In an oligopoly market, the firms would earn the highest profit if they chose to ignore the actions…
A: An oligopoly market is one where few large firms capture the whole market and sell output to earn…
Q: Oligopolistic markets a) can have both homogeneous or differentiated p b) have a few large producers…
A: Oligopoly firms are covered under imperfectly competitive market.
Q: Question 43: In oligopolistic markets, explain the price rigidity using the kinked demand curve.
A: An oligopoly market is a system of markets in which there are multiple vendors (or firms) for…
Q: In an oligopoly market, the firms would earn the highest profit if they A.chose to ignore the…
A: In oligopoly, there are few firms that have a large share in the market. Here, they try to maximize…
Q: Oligopoly Market Structure - Country Brazil Describe the impact the above-market structure has on…
A: The oligopoly market is one of the anti-competitive markets because some of the few large firms have…
Q: An oligopoly firm with a differentiated product will generally earn the largest profits without…
A: Oligopoly may be a market structure with a small number of firms, none of which can keep the others…
Q: example of industries in malaysia under monopolistic structure
A: competition between monopolistic Many businesses compete with one another, but they also provide…
Q: Oligopoly is difficult to analyze because a ) of the complex interdependence that usually exists…
A: Oligopoly refers to the market structure in which there is a small number of large firms, which…
Q: In an oligopolistic market there are many buyers. few buyers. few sellers.…
A: An ‘oligopoly market’ consists of small number of firms. All firms have significant influence on the…
Q: Because oligopoly markets have only a few sellers, the actions of any one seller... a.) do not…
A: Oligopoly: It is the form of a market that has few numbers of sellers selling differentiated…
Q: Explain if excess profit will exist in the long run for an oligopolistic market.
A: Oligopoly is such a market condition where there are a few firms which are selling homogeneous or…
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- Why does price leadership sometimes evolve in oligopolistic markets?How do firms in an oligopolistic market set their prices? Use specific examples from the simulations or from the textbook to support your claimsWhat is the best example of an oligopolistic market? Question 4 options: Government monopoly on postal services. Foreign exchange market. Restaurant business with thousands of competing companies. Fourteen biggest car manufacturers.
- Why some oligopolistic firms try to collude to fix market prices?Oligopolistic markets Group of answer choices typically have lower barriers to entry. are usually thought of as the most efficient market structures. are characterized as having a small number of sellers.Explain the impact of change in demand and supply on the price level under oligopolistic market condition.