The threat from rivalry is ________ when there is intense competition among many firms in an industry and ________ when competition is not as intense. Group of answer choices low; high low; low high; high

All else constant, deadweight loss will be _____ if the market is an oligopoly than if it were perfectly competitive.   Question 30 options: a higher b lower c neither higher nor lower d not enough information

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.

Cost (5) Please move point A to the minimum long-run average cost for a firm in an oligopoly and point B to the minimum long-run average cost for a firm in a purely competitive industry. LRAC LRAC исх A B Demand Why is the minimum long-run average cost important in determining an oligopoly? It occurs at a small fraction of industry demand. It is at the lowest possible cost among all firms. It occurs at a large fraction of industry demand. Firms cooperate with each other to achieve that low cost. Quantity

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(REAL-WORLD APPLICATION) You are NOT required to read the oligopoly chapter in the textbook, but you already know quite a lot about it from our discussion of strategic interactions using game theory in weeks 2-3. This market structure is between monopoly and monopolistic competition, with only a handful of firms having a high degree of market power. Let's refresh your memory with the following example. Assume that the Australian low-cost airline industry consists of two firms and their situation can be represented by the following payoff matrix. Tigar Air Nothing Low Price More Advertising 0, 16 6, 6 Nothing 10, 10 2, 14 Jetstar Low Price 16, 0 12, 4 More Advertising 14, 2 4, 12 8, 8 a. Before solving the game, put yourself in the position of Jetstar and write down your action. Then independent of that, put yourself in the position of Tiger Air and write down your action. b. State all the dominated strategies in the full game, by which strategy they are dominated, and whether weakly or…

solve i and ii please.

As the number of firms in an oligopoly industry decreases, the market moves closer to a __________ market. Over the last 60 or so years, the percentage of women with paid jobs has increased significantly. Is this increase in female employment associated with an increase in the demand for labor, or is it associated with an increase in the supply of labor? How does increased immigration affect the labor market? How would the equilibrium wage and the equilibrium quantity of labor be affected?