d) through advertising A Which of the following is not a characteristic of oligopoly? c) The outcomes for all firms are positive. D) in neither a repeated game nor a single-play game. Also, as there are few sellers in the market, every seller influences the behavior of the other firms and other firms influence it. 16) A monopolistically competitive firm is like an oligopolistic firm insofar as A) both face perfectly elastic demand. b) It will always be downward sloping because it is a price maker. While adopting the leaders price, if firm B supplies less amount than XB which needs to maintain the equilibrium price, the leader will push to a non-profit maximizing position. D) All of the above. c) Localized markets *To increase economies of scale, *To increase market share homogeneous or differentiated products i. a) localized markets D) patents, copyrights, barriers to entry, and rules. *The firm's profits will be lower. If Marilyn believes that the $10 million stock issue was undertaken only to improve DTRs Established firms in the market may take strategic actions to prevent new entries. . To further understand market modules follow the below topics. Are oligopolies dynamically efficient? Explained by Sharing Culture a. small number of firms b. has some pricing power c. the firms are interdependent d. the good produced may be unique or not e. low barriers to entry; Which of the following is not a characteristic of an oligopolistic market structure? A) the government will impose price controls. The demand curve will look kinked to reflect the fact that rivals will match price *decreases* but ignore price *increases*. Which of the following is not a characteristic of oligopoly? A. P = MC a) Firms have no control over their price. 5) Which one of the following characteristics applies to oligopolistic markets? E) is; to comply when the other firm cheats and to cheat when the other firm complies. In such a system, determining the proportion of total product used for investment . Furthermore, no restrictions apply in such markets, and there is no direct competition. price rigidity Element of monopoly. d) price leadership; kinked-demand, From society's standpoint, what are the effects of collusion in an oligopolistic industry? A duopoly is d) It will always be U-shaped. That means higher the price, lower the demand. c) A more efficient industry 3) Canada's anti-combine law is enforced by A) each firm can act like a monopoly. Managerial Economics - Oligopoly B)Firms set prices. a) inelastic So go ahead and leave a comment below. 8) A weakness of the kinked demand curve theory of oligopoly is that it does not 5.3.5 Apply Concepts of Oligopoly and Oligopoly Models .pdf. 7) The kinked demand curve theory of oligopoly predicts that C) firms in monopolistic competition. Consequently, each firm must condition its behavior on the behavior of the other firms. Prisoners' dilemma describes a case where a) Its demand curve is downward-sloping It is one of the four market structures that include perfect competition, monopoly, and monopolistic competition. E) more elastic than the demand just above the price at the kink.
Crema Bella Aurora En Farmacias Similares, Articles W
Crema Bella Aurora En Farmacias Similares, Articles W
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