Homework Answers
Ans) characteristics of an oligopoly market are
There are Few Sellers in the Industry and Product Differentiation Occurs
There is a high interdependence between firms
There are barriers to entry but Collusion May Occur
The difference between oligopoly and monopolistic competition : Oligopoly is about the number of firms whereas Monopolistic Competition is about variety of products. In oligolpoly there are only few sellers and in monopolistic competition, firms are free to enter
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3. (1 point) What are the characteristics of an oligopolistic market? Give a comparison between the...
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or...
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products. Which of the following are other characteristics of this market structure? Check all that apply. A) Market control by many small firms B) Difficult entry C) Mutual interdependence D) Market control by a few large firms E) Mutual dependence
Please help, 1) List the five characteristics of monopolistic competitive market. 2) Explain the difference between...
Please help, 1) List the five characteristics of monopolistic competitive market. 2) Explain the difference between a monopoly and a monopolistic competitive market. 3) How are they similar, and how are they different?
1) Describe the basic characteristics of the monopoly model and explain how these characteristics affect the...
1) Describe the basic characteristics of the monopoly model and explain how these characteristics affect the ability of a monopolist to earn positive economic profits, both in the short run and over time. 2) Compare and contrast the outcomes with respect to price and output in a monopolistically competitive market and a perfectly competitive market. In which situation are consumers better off? Why?
1) List the five characteristics of monopolistic competitive market. 2) Explain the difference between a monopoly...
1) List the five characteristics of monopolistic competitive market. 2) Explain the difference between a monopoly and a monopolistic competitive market. 3) How are they similar, and how are they different? 4) Describe the demand curve facing a monopolistic competitive market and how it differs from that facing a firm in a purely competitive market. 5) How can a firm be able to sustain itself while differentiating itself from its competitors?
These two questions please Question 48 (1 point) In what type of market do the actions of any one seller have a sig...
These two questions please
Question 48 (1 point) In what type of market do the actions of any one seller have a significant impact on the profits of all other sellers? a monopoly market a perfectly competitive market a monopolistically competitive market an oligopoly Question 50 (1 point) In a particular town, Xpressdata and Blazedata are the only two providers of wireless Internet service. What do Xpressdata and Blazedata constitute? O a duopoly, whether they collude or not a cartel,...
1) Compare the characteristics of the monopolistically competitive structure to the purely competitive structure? What is...
1) Compare the characteristics of the monopolistically competitive structure to the purely competitive structure? What is the result of the differences in the long run? Why?
a. Give three characteristics of a perfectly competitive market. [3 marks] b. List and explain three...
a. Give three characteristics of a perfectly competitive market. [3 marks] b. List and explain three types of barriers to entry that may be used in a monopoly. [3 marks] c. For a monopolist, why is marginal revenue less than price for every level of output except the first? [4 marks] d. Give the conditions which should exist for price discrimination? [3 marks] e. Draw a diagram to show the long run equilibrium condition of the perfectly competitive firm [4...
Please explain what oligopolistic market structures and monopolistic market structures are with examples. Please show me...
Please explain what oligopolistic market structures and monopolistic market structures are with examples. Please show me a recent article which talks about any firm that has to do with these two market structures. Also, what are the equilibrium point for both of the market structures?
pick a product that you think is an Oligopoly. 1 points Elaborate on the characteristics that...
pick a product that you think is an Oligopoly. 1 points Elaborate on the characteristics that define your particular market, and use them to defend that you have actually chosen an Oligopolistic market. (1 point each characteristics). There are 3: number of firms, type of product, and entry/exit. :) Look up the market share for your firm- and the market share of one more firm in this market. Does the market share help you classsificy your product better? ( 2...
Please answer the following questions: 1) name five characteristics of the monopolistic competitive market. 2) difference...
Please answer the following questions: 1) name five characteristics of the monopolistic competitive market. 2) difference between a monopoly and a monopolistic competitive market.
1) Describe the basic characteristics of the monopoly model and explain how these characteristics affect the ability of a monopolist to earn positive economic profits, both in the short run and over time. 2) Compare and contrast the outcomes with respect to price and output in a monopolistically competitive market and a perfectly competitive market. In which situation are consumers better off? Why?
These two questions please
Question 48 (1 point) In what type of market do the actions of any one seller have a significant impact on the profits of all other sellers? a monopoly market a perfectly competitive market a monopolistically competitive market an oligopoly Question 50 (1 point) In a particular town, Xpressdata and Blazedata are the only two providers of wireless Internet service. What do Xpressdata and Blazedata constitute? O a duopoly, whether they collude or not a cartel,...
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