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

A: it is TRUE

Q: PLEASE ANSWER ASAP When can you say that a monopolistic competitive market shows a greater market…

A: A market is a public meeting place where people can exchange goods and services. A physical market,…

Q: List the three key attributes of monopolistic competition.

A: Monopolistic competition is a market characterized by many firms producing differentiated products.…

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: 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: 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: Which of the following markets would have the least amount of concentrated power? Oligopolistic…

A: Market concentration is a measure that indicates the decision making power that small firms have in…

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: What is monopolistic competition characterized by? too few firms, each producing too much too many…

A: In monopolistically competitive market, the sellers sell differentiated produces which are close…

Q: If the firms in a monopolistically competitive market are earning economic profits or losses in the…

A: In a monopolistic market, the eqm. occurs at a point where the MR(marginal revenue) and MC(marginal…

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 demand curve facing monopolistic competition firm likely to be more elastic?

A: Monopolistic competition is a market condition in which there are many vendors of a single product,…

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: Differentiate between the monopolistic competitive and oligopoly market structures.

A: Monopolistic competitive and oligopoly market structure or different types of non competitive…

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: 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: What gives firms market power in an industry characterized by Monopolistic Competition?

A: Monopolistically competitive firms have one trademark that resembles an imposing business model (a…

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…

Q: Which type of a firm, monopolistically competitive or a monopoly, will have a greater incentive to…

A: A monopolistically competitive market comprises of many sellers supplying similar but differentiated…

Q: List four goods or services produced by an oligapolist that you have purchased. Why are these…

A: Four goods or services produced by a producer engaged in oligopoly are as follows.  Automobiles…

Q: definition and characteristics of monopolistic market structure

A: Market structure- It is the nature and degree of competition for goods and services in the market.

Q: How are the implications of the kinked demand curve in an oligopoly market best illustrsted and…

A: An oligopoly is a market structure characterized by a small number of large sellers dominating the…

Q: In an oligopolistic industry there are only a few firms. Is this statement correct? Explain.

A: An oligopoly market is a market controlled by a small number of suppliers. They are available in all…

Q: SUB-SECTION B2 13 Electra and Luminux are the only two firms who provide electricity in a local…

A: