ZuoTi.Pro
Question

TIONS WILL BE LOCKED AFTER ANSWERING. GOOD LUCK! Question 32 In this type of market, price is always higher than in other mar
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

32. Ans: Oligopoly market

Explanation:

Price is always higher in Oligopoly market as compared to monopolistic market, perfectly competitive market structure. Because there are few sellers in the Oligopoly market .

0 0
Add a comment
Know the answer?
Add Answer to:
TIONS WILL BE LOCKED AFTER ANSWERING. GOOD LUCK! Question 32 In this type of market, price...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1) Which market structure is characterized by a single price-searching firm that produces a unique good...

    1) Which market structure is characterized by a single price-searching firm that produces a unique good and is protected by high barriers to entry? Group of answer choices a Monopolistic Competition b None of these answers c Oligopoly d Perfect Competition 2) In which of these market structures do sellers specifically sell identical goods? Group of answer choices a Oligopoly b Perfect Competition c Monopolistic Competition d Monopoly

  • 30. The change in total revenue that results fr A. Marginal cost. B, Marginal revenue C....

    30. The change in total revenue that results fr A. Marginal cost. B, Marginal revenue C. Marginal profit. D. Total revenue erease in qipntity sold is: 31. For a monopolist, marginal revenue is A. Equal to price, just as it is for a perfectly competitiy B. Constant up to the rate of output that maximizes tot i C. Always less than price, after the first unit. D. The same as the demand curve. loral 32. For a monopolist, after the...

  • 1. In the short run, a monopolist may A. attract other firms into the industry B....

    1. In the short run, a monopolist may A. attract other firms into the industry B. upgrade technology C. incur loss D. charge the lowest price possible to attract buyers 2. In both monopolistic competition and oligopoly market structures A. firms may enter and exit the industry easily B. consumers perceive differences among the products of various competitors C. economic profits may be earned in the short run and long run D. producers collude tacitly 3. In the short run,...

  • QUESTION 1 Which of the following is always a characteristic of the oligopoly market structure? Many...

    QUESTION 1 Which of the following is always a characteristic of the oligopoly market structure? Many sellers, each small in size relative to the overall market. Few sellers. All sellers produce identical products. Easy, low-cost entry and exit. QUESTION 2 The industry that most closely approximates the conditions of the oligopoly model is: Restaurant. Retail clothing. Airlines in the U.S. The local cable company. QUESTION 3 In which of the following market structures must the price and output decisions of...

  • Chapter 13 Vocabulary a. Non-price competition b. Cartel c. Prisoner’s dilemma d.   Excess capacity e. Collusion...

    Chapter 13 Vocabulary a. Non-price competition b. Cartel c. Prisoner’s dilemma d.   Excess capacity e. Collusion f. Differentiated product g.   Herfindahl index h. Duopoly i. Monopolistic competition j. Oligopoly (     ) 7. Five or fewer firms produce most of the output in an industry, or control a large share of the market. (     ) 5. Most type of retail stores, like J. Crew, fall into this market category. (     ) 8. This is a two-firm oligopoly. (     ) 1. In...

  • Thank you for answering both. I appreciate your hard work! Question 32 (2 points) If the...

    Thank you for answering both. I appreciate your hard work! Question 32 (2 points) If the world price is higher than the domestic price Country should engage in import of the good Country should engage in export of the good O Country has a comparative advantage of the good Both B and C are correc Question 33 (2 points) Walance Work Pria 700 With trade and without a tariff, O the domestic price is equal to the world price. The...

  • Which of the following options best describes market structures from the lowest to the highest degree...

    Which of the following options best describes market structures from the lowest to the highest degree of market power? Perfect competition, monopolistic competition, oligopoly, monopoly Oligopoly, monopoly, monopolistic competition, perfect competition Monopoly, perfect competition, oligopoly, monopolistic competition Monopolistic competition, oligopoly, monopoly, perfect competition A cable company has determined that the marginal revenue from an additional subscriber is $15, and the marginal cost of providing cable services is $5. Based on this information, what should the company do? Increase the quantity...

  • 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,...

  • Please Help Question 5 0.16 pts Markup would not exist in O a monopoly monopolistic competition....

    Please Help Question 5 0.16 pts Markup would not exist in O a monopoly monopolistic competition. O an oligopoly a cartel. O a competitive market. Question 6 0.16 pts prices than can be reached under perfect competition, Despite monopolistic competition results in any other market. variety than can be reached in O higher; less O more inefficient; more excessive O higher; greater O lower: less O lower: greater Question 7 0.16 pts The mayor of Stockville is seeking reelection and...

  • Question 3 (32 marks) a Suppose the market for grapefruit is perfectly competitive. The y market...

    Question 3 (32 marks) a Suppose the market for grapefruit is perfectly competitive. The y market demand function and market supply function as follows: 4200-15P , 5P-400 In order to raise the price of grapefruit to $300, the government has adopted a price-support policy by purchasing all the excess supplied at the price of $260 and then disposed of all the purchased grapefuit. Calculate the total surplus generated from the grapefruit market (after the price-support policy has been implemented) ii...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT