What is the explanation for the kink in the kinked demand carve of an oligopolistic?

Q: Assume that two firms, Wilson and Spalding, can manufacture basketballs for the entire Norfolk…

A: Demand function: Here, The cost function is given as;Wilson is firm 1 and Norfolk is firm 2.

Q: What are the number of firms in a oligopoly and what is the price control of product by individual…

A: In oligopoly, there are minimum 2 or more firms in the market. There is no upper limit on the number…

Q: In the market for goods and services in the circular flow diagram,  Select one:  A. firms provide…

A: The circular flow can be explained as the flow of goods & services along with the money, which…

Q: New, small firms often have trouble competing in oligopolistic industries because they cannot…

A: it is TRUE

Q: What are the incentives for firms in an oligopoly to collude or work together? Has price collusion…

A: Oligopoly: There are only a few but large producers/firms, who have catered to a huge group of…

Q: Why do oligopolies exist? Explain if you regularly purchase products owned by an oligopoly

A: Oligopolies, where a handful of firms dominate a market, thrive for a mix of reasons. High barriers…

Q: Why are firms said to be independent in an oligopoly market? Explain

A: # out of the four market structures the market structure which is categorised by few sellers is…

Q: Provide and briefly explain the various oligopoly models.

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: Consider an oligopolistic firm operating in a monopolistically competitive market. Describe the…

A: An oligopolistic firm is a company operating in an industry dominated by a small number of large…

Q: What is oligopoly?

A: Oligopoly: The oligopoly is the type of the market structure and the characteristics:

Q: What is the characteristics of oligopoly. Please explain

A: An oligopoly basically refers to a market arrangement in which two or more companies dominate the…

Q: Cite an example of an oligopolistic industry in the Philippines and discuss how these oligopolists…

A: Oligopoly is a term used in economics to define a particular sort of competitive environment. The…

Q: Why does price leadership sometimes evolve in oligopolistic markets?

A: Price leadership refers to the competiton among firms to get some control over market price and…

Q: why is Commercial air travel an example of oligopoly

A: Oligopoly:  In oligopoly there are only few number of sellers in the market. It maximize its profit.…

Q: Discuss the kinked demand curve model of an oligopolist

A: An oligopoly is a market structure where there small number of large firms with high barriers of…

Q: How does Health Service Organization (HSO) control patient costs? What is the percentage breakdown…

A: related to Health Service Organizations (HSOs) and how they control patient costs the percentage…

Q: How do you  analyze how Publix oligopolies position themselves to be successful?

A: Analyzing how public oligopolies position themselves for success involves assessing various factors…

Q: What are the main features of an oligopolistic market? How do oligopolies set their prices? Explain…

A: Oligopoly is a form of market organization in which there are few sellers of a homogenous or…

Q: If the reserve ratio is 50%, what is the deposit multiplier?

A: Deposit multiplier is a factor by which maximum money supply changes when there is a change in…

Q: How would you present the market equilibrium point within an oligopolistic market via a diagram?…

A: Disclaimer: As per Bartelby guidelines, unless specifically mentioned for multiple questions, only…

Q: Why is an oligopoly market the most common one

A: An oligopoly is a market structure in which a small number of large sellers dominate a market or…

Q: Explain the impact of change in demand and supply on the price level under oligopolistic market…

A: Oligopolistic firms can stifle industry production, charge a higher price, and split profits among…

Q: The beer manufacturing industry in the U.S. includes dozens of independent firms. Yet the American…

A: Oligopoly market. Every market, industry, or firm structure is referred to as an oligopoly. When a…

Q: Which of the following best represents the pricing behavior of firms in an oligopolistic market?…

A: Oligopoly has a distinctive feature of having interdependence among firms. It means that the price…

Q: What is cartel in oligopoly?

A: An oligopoly is a market arrangement in which a small number of enterprises can exert significant…

Q: If a market structure is an oligopoly, do Lexus, Cadillac, and Lincoln engage in sticky pricing? Who…

A: There are 4 main market forms which are as follows:- (1) Perfectly competitive market (2) Monopoly…

Q: Give an example of Behaviour of a firm in an Duopolistic market and Please kindly Explain

A: When two firms control all or almost all of the market for a certain product or service, this is…

Q: What conditions may permit oligopolies to discriminate consumers?

A: Oligopoly is the market situation where there are few large firms and many buyers. Each firm has…

Q: In the long-run, the amount of economic profits: O for firms under monopolistic competition tend to…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Explain and describe the kinked demand curve of a firm in an oligopoly.

A: Oligopoly market structure refers to the market system where few firms dominate the market. The…