Q 03: How do oligopolies works? Give one example of each? How is the market structure different on the base of brand loyalty and price value?

Firms in a perfectly competitive market are able to produce as many products as they want. How do they determine how many to make? Monopolies can charge as much as they want for a good but what is the tradeoff for the high price they receive? Oligopolies produce at a quantity and price that is different than Perfect Competition and Monopolies, why does this happen? Use graphs to demonstrate your answers to the first two markets and use a duopoly table example for an Oligopoly. **Please don't be too broad** Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure

Discuss the market structure of the industry General Motors and Ford.  Is it monopolistically competitive or an oligopoly? Are the main products/services more commoditized, highly differentiated, or blockbuster? How does the market structure affect the ability of the firm to control the prices it charges for its products and for the prices it pays for its inputs? The more a firm can control its prices, the more it can control the income statement and EPS.

EOC 17.03 (and 17.04) As new businesses enter a monopolistically competitive market, what happens to profits of existing businesses and product diversity in the market? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a profits of existing firms rise and product diversity in the market increases. b. profits of existing firms rise and product diversity in the market decreases. profits of existing firms decline and product diversity in the market increases. d. profits of existing firms decline and product diversity in the market decreases.

Which of the following industries is a good example of oligopoly?     Answers: A.  Athletic shoes    B.  Restaurant   C.  Corn   D.  Hotel

Do the following industries more closely resemble a Monopolistic Competition market and / or an Oligopoly? ? 1. 3 major companies make up the game console market ? 2. Laurie is looking for travel insurance and found only 2 companies that offer it 3. Marcella can take her car for repair to many mechanics in the area, but some offer more reliable service A. Monopolistic Competition B. Oligopoly

Oligopolies An oligopoly is a market structure in which only a few sellers produce similar or identical products. Oligopolies are price-setters and can collude to behave like a monopolist. 1. Explain how you can distinguish a firm in an oligopolistic market from one in a monopolistic competitive market. Provide examples to illustrate.