Homework Answers
Cartel will have the maximum possible prices , so it will have lowest quantity as well
( Bcoz in cartel , firms Collude to restrict Output, so that price level rises, & hence firms earn profit )
In case of Entry deterrence, an incumbent firm charges lower price, so that it becomes non- profitable for the new firm to enter.
Thus Quantity produced / supplied will be highest
.
Highest price cartel
Highest Quantity Entry deterrence
Lowest price Entry deterrence
Lowest Quantity cartel
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ignore the writting but if you can fill in all the boxes without and with the writting Summary Comparison of Market...
ignore the writting but if you can fill in all the boxes
without and with the writting
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ignore the writting but if you can fill in all the boxes
without and with the writting
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